MBM 3.33% 3.1¢ mobecom limited

Seeing as Okanabora is a relatively unknown, I think it is a...

  1. 338 Posts.
    Seeing as Okanabora is a relatively unknown, I think it is a decent result.

    "Numerous significant iron results were returned, with the best results coming from an area Ngoyboma Ridge,
    where significant results were returned from an outcrop stretching over 15km. The Lidar imaging indicates
    that this ridge extends for a further 10km which was not investigated during this field visit."

    The potential is certainly there, a 90km zone to find the ore with proof there is something in the ground. we have 2 rigs and a third coming - huge land area and some positive results to date. Will they live up to expectations, I'm not sure, but I'm going to hang in there to find out. I'm back to my entry level prices but won't be selling considering it was 30c not long ago and will be again I'm sure. It doesn't look good considering we were positive on this when it was 30c and its now 10c, but then look at the market in general...
 
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