OBM 2.33% 42.0¢ ora banda mining ltd

The right place … at the right time, page-24

  1. 1,632 Posts.
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    What you you do if generating $1 billion a year in free cashflow?

    If I couldn’t prudently grow organically (and OBM has numerous opportunities to do that) …. I would be paying out dividends and share buy backs

    I certainly wouldn’t be doing stupid takeovers and buying others problems.

    a $500 million dividend distribution would presumable support a $10 billion market capitalisation… leaving plenty of $$$’s to explore and build newer/bigger operations

    maybe it could even be the next Northern Star !

    (we don’t need to wait for a US$8,000 gold price for that type of picture to unfold … by the way).
 
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