since the last report came out, chance of bankruptcy went down to 1% (from 30%). Looks like risk involved has massivly decreased, and Ore s becoming an investment grade company.
I think its only a matter of time until larger institutional companies take it into their portfolios, given the expected return.
Valuation, even on prudential assumptions leads to a share price that is at least double the current price.
It should however be more in the range of 7-9 $ given the facts. I found support for my valuation here: http://www.macroaxis.com/invest/market/ORE.AX--valuation--Orocobre-Limited
Now I wonder, how long will it take until the market realizes? Its gone up a good deal already recently, but that looks like it is only the very beginning.. any ideas?
ORE Price at posting:
$2.43 Sentiment: Buy Disclosure: Held