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
31.5¢ |
Change
0.005(1.61%) |
Mkt cap ! $584.8M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 32.0¢ | 31.0¢ | $156.3K | 497.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 439423 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 24669 | 2 |
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| Last trade - 14.06pm 13/05/2024 (20 minute delay) ? |
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Last
31.5¢ |
Change
0.005 ( 1.61 %) |
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| Open | High | Low | Volume | ||
| 31.0¢ | 32.0¢ | 31.0¢ | 194359 | ||
| Last updated 14.06pm 13/05/2024 ? | |||||
| OBM (ASX) Chart |