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.
Yes Trader, a minimum 5 year mine life required quickly and then...
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Last
69.0¢ |
Change
0.005(0.73%) |
Mkt cap ! $1.284B | |||
| Open | High | Low | Value | Volume |
| 68.0¢ | 69.0¢ | 66.3¢ | $3.310M | 4.882M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1555 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.0¢ | 223676 | 10 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| OBM (ASX) Chart |