Yes Trader, a minimum 5 year mine life required quickly and then expanded.
If OBM generating $250 million a year in cashflow, I suspect only $50 million max would be spent on exploration because of logistics, targeting, etc.
Cash reserves would build remarkably quickly because of the tax losses etc.
IMHO … Luke will no doubt find and develop numerous new mines in the future and he will build a larger processing facility that is purpose built for high grade ores.
Having the flexibity of large free cashflows opens the glory box.
- Forums
- ASX - By Stock
- OBM
- The right place … at the right time
The right place … at the right time, page-8
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
33.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $621.9M |
Open | High | Low | Value | Volume |
33.0¢ | 33.5¢ | 33.0¢ | $380.8K | 1.152M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 42546 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 129133 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42546 | 0.330 |
6 | 136597 | 0.325 |
5 | 304686 | 0.320 |
1 | 110000 | 0.315 |
5 | 162283 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 129133 | 3 |
0.340 | 1064001 | 3 |
0.345 | 105000 | 3 |
0.350 | 313748 | 16 |
0.355 | 110838 | 6 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
|
|||||
Last
33.0¢ |
  |
Change
0.000 ( 1.37 %) |
|||
Open | High | Low | Volume | ||
33.5¢ | 33.5¢ | 33.0¢ | 819379 | ||
Last updated 15.59pm 27/05/2024 ? |
Featured News
OBM (ASX) Chart |