Money Talks is *’s regular drill down into what stocks investors are looking at right now. We’ll tap our extensive list of experts to hear what’s hot, their top picks, and what they’re looking out for. Today we hear from Peak Asset Management founder and executive director Niv Dagan.
ORA BANDA MINING (ASX:OBM)
Ora Banda brought the previously producing Davyhurst Project back into production after completing remedial work programs in late January.“OBM have received some high-grade intersections like 5m at 30.7g/t and 1m at 13.7g/t and are starting to generate cashflows from production,” Dagan says.
“Last quarter they generated over $42 million from their gold production – they are not yet cash flow positive, but we are expecting they will be in the next 6-9 months subject to the gold price and as they lift their production,” he says.
OBM Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)