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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