OBM 1.61% 63.0¢ ora banda mining ltd

You can keep looking in the rear view mirror HH and miss the...

  1. 1,779 Posts.
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    You can keep looking in the rear view mirror HH and miss the main bus then.

    I think you will find the company has previously stated expectations of an AISC ranging between $1650 and $1750 when in steady state production of 100,000 ounces per annum

    If OBM were able to develop 3 underground’s each supplying 600,000 tonnes pa at an average grade of 4.3G/t plus … production would be ~240,000 on my calculations.

    First underground will start inside 6 months

    second underground can be developed quickly at Missouri or Riverina (assays pending)

    IMO you are quite wrong about production not exceeding 200,000 ounces inside 3 years … but that’s what makes a market
 
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