Thanks for the comments and feedback Paddington.
Its always good to get some perspective from an experienced professional, even if a non holder.
I do appreciate that it will be a number of years until the decline will be complete depth … I should have been saying that it’s close to complete to the point it would start producing the higher grade underground ore.
The production of some higher grade ore prior to Christmas was feedback I have had from an analyst speaking to company.
The steady state of mining stopes should begin Feb 2024, unless you can shed further light on that?
The AISC estimate/budget of reducing to $1750 an ounce is in numerous presentations .. sure it may be second half of 2024 (the gold price may be higher as well by then)
I also think we may find out that the budgeted mined grades of 4.3 g/t were modelled on mining width that is wider than that which will be applied.
The 600,000 tpa optimum mining rate from a decline at Riverina is also a number that has been banded around before by analysts.
We should not be surprised when more conservative numbers are used in JORC statements … always better to under promise and over deliver with such things.
on Sam Berridge and OBM, I think you will find he was the fund manager who loaded up when the stock was around 30 - 34 a few years ago and liquidated out his holdings back around 12 cents on the way down … so not surprised he may be bruised and sceptical. He got it badly wrong and is no longer a significant holder than I can determine
on the very few occasions i’ve watched Money & Mines, those guys have barked completely up the wrong trees as well, the most comical of late was how wrong they were on Wildcat.
- Forums
- ASX - By Stock
- Underground mining fast tracking …. March 27?
Thanks for the comments and feedback Paddington.Its always good...
- 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 ! $612.6M |
Open | High | Low | Value | Volume |
32.5¢ | 33.5¢ | 32.5¢ | $123.6K | 377.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 35000 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.5¢ | 258001 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 38367 | 0.325 |
7 | 337329 | 0.320 |
3 | 122500 | 0.310 |
4 | 113449 | 0.305 |
2 | 5758 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.335 | 258001 | 6 |
0.340 | 1109738 | 5 |
0.345 | 279191 | 6 |
0.350 | 282206 | 16 |
0.355 | 85000 | 4 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
|
|||||
Last
33.0¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
32.5¢ | 33.0¢ | 32.5¢ | 155273 | ||
Last updated 15.59pm 30/05/2024 ? |
Featured News
OBM (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online