OBM

0.00%

43.0¢ ora banda mining ltd

Use it or loose it principals - WA Mining Act - Lady Ida, page-15

First 15 Last

Share
Profile

Follow
Bull Whisperer

3,047 Posts.

182

01/09/22

17:01

Post #: 63467829
Share

Originally posted by mbomb: ↑

It is something I have said before as well here. https://hotcopper.com.au/threads/ann-obm-strategy-values-presentation-august-2022.6871186/page-7?post_id=62855819

This company was almost brought to its knees pre-stripping open pit mines in a rising cost environment. The brunt of those costs have been contributed by shareholders previously. In the week that followed Luke Creaghs appointment shares could be had in the 3s and 4s. It should be noted that the new CEO has vast experience in underground mining. Pogo which he was in charge of at NST was purely underground and Yandal which he also oversaw at NST was mostly underground. Those were the 2 best performing mines for NST last FY with AISC actually falling last FY for both in a rising cost environment. Can u imagine.. falling costs in FY2022!

Anyone who has followed OBM will know the vast amounts of earth moved for the open pits and how much this cost. Why anyone would want to repeat this on a deposit that is lower grade (1.7g/t) than Missouri and Sand King (2.2g/t) and 3x the distance from the plant is beyond me. There's 150koz sitting in Riverina underground at 6.6g/t with plenty of exploration upside and easy access via previous workings.

The following is from the latest presentation

•Drill programs targeting extensions to highermargin deposits includingunderground targets
•R/C and diamond drilling has commenced at Riverina in July; extending andinfill drilling our higher grade underground Resource
•Further drilling planned at highergrade targets including Callion undergroundas well as open pit extensions and underground targets at Siberia

Riverina UndergroundLeverage organic opportunitiesNear term opportunity for highergrade underground
•Current total resource of ~300koz at 2.6g/t;this includes~150koz at 6.6g/t from underground*
•Drill rig currently onsite for infill and extensional drilling ofthe higher grade underground resource
•Can bring online as underground rapidly; will increase gradeto mill and increase production profile and cashflow
•Mineralisation tracked for more than 3km of strikethis isuntested down plunge or at depth
Callion UndergroundLeverage organic opportunities
•Detailed structural mapping in recent weeks has fundamentally changed our geological model Boots onground” approach paying immediate dividends
•Drilling to commence in the December quarter targeting down plunge extension as well as along strike & stackedrepeats to the high grade Callion underground
•Current Resource of ~107koz at 4.9g/t, including underground Resource of ~80koz at 5.8g/t*
•Previous production of ~91koz at 10.2g/t; including ~74koz at 15.8g/t fromunderground**
•Ore body remains open with no drilling downplunge of historical intercept 13.9m @ 13.4g/ t***
•Exciting highgrade prospect  has the potential to be a game changer

High grade underground is what the new CEO has envisioned here. Go through the presentation and tell me otherwise.

Expand

It may not mean to much to some morning star fair value remain's at .14 cent.

OBM Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Nine's staff strike as Paris Olympic coverage begins

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

There are more pages in this discussion • 2 more messages in this thread...

First 15 Last

Add OBM (ASX) to my watchlist

(20min delay)
Last 43.0¢		Change 0.000(0.00%)		Mkt cap ! $798.7M

Open	High	Low	Value	Volume
42.5¢	43.5¢	41.5¢	$560.6K	1.306M

Buyers (Bids)

No.	Vol.	Price($)
1	4	43.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.5¢	4431	1

View Market Depth

No.	Vol.	Price($)
1	33000	0.425
2	114000	0.420
3	155711	0.415
2	17220	0.410
2	102469	0.405

Price($)	Vol.	No.
0.435	4431	1
0.440	163966	5
0.445	23000	1
0.450	141259	5
0.460	4750	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

OBM (ASX) Chart

Use it or loose it principals - WA Mining Act - Lady Ida, page-15

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Nine's staff strike as Paris Olympic coverage begins

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Use it or loose it principals - WA Mining Act - Lady Ida, page-15

Top Stories

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Nine's staff strike as Paris Olympic coverage begins

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

ASX Market Open: ASX200 to rise for Friday session | July 26

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News