RE:RE:RE:News from the AGM?
I don't know how much investmetns doolars OB could provide towards the advancementy of the creation of a mine and mining equipment, but I suspect that OB would be a partner in making this happen ... my guess (based on it's $1M drilling investment) OB could provide 25%-50% of the cost, which could translate roughly to $7M to $14M.
My estimate is based on pass investment experience with other investment and mining companies in the same boat. If OX was sure home run then it's wouldn't be unusual for an investment firm to invest 80 % to 90% ... the balance is normally taken up by a second investment group or the funds are raised by the company team themselves.
OB may very well go all in 100%, but it will depend on the on the Measured Resources classification that will be confirmed this upcoming Spring. The stronger the numbers the more they will invest further in the future mine development. But nothing can stop well established mining company to step in and make an even better offer ... partner or even a total buyout of the property. At least OB would still own it's 20M shares from (purchased at an average of 5 cents/sh) I strongly suspect that OB will expect a 100% ROI, and the rest too.
This makes the current 4 cent/sh price look like a steal.