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...
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
| 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 ? | |||||
| OBM (ASX) Chart |