Repost ( request for other post to be removed ) as Cascavel negotiations are no longer on OGX website - looks like removed from OGX website in last few days
While all of OGX's tenements look very promising for the next 12 months and beyond - imo the Current JV with Anglo negotiations-discussions under review needs to be addressed asap
IMO, its all good to discuss their potential going forward but newbies imo need to know that the current MOU has Anglo earning up to a 70% interest in various tenements
( under negotiation )
IMO, this issue has been ignored and discussion frowned upon
Also,
IMO, The lack of a JORC compliant resource at Cascavel due to the high grade Nuggety nature of the mineralisation will make it difficult to value until the grade is established and a steady state of production achieved
''Major global gold miner AngloGold Ashanti is buying a 15% stake in Western Australian-based Orinoco Gold and its stalled, 70%-owned flagship Cascavel Gold Mine in central Brazil via a $A5.9M share placement.
AngloGold, Brazil’s biggest gold producer, has also signed to spend up to $US9.5M over 3-years for an up to 70% stake in Orinoco’s broader Faina Goldfields tenement portfolio, excluding Cascavel.
