downrampers have a good motive. Wanting to get in on the best price they can. Just look at ATI, Both are trying to create a JV with a local partner, However ORD has a JORC resource of 130MT, ATI has no JORC resource ATM. But funny enough ATI market cap is higher.
In addition to this ORD has a great potential copper tenement, once they get closer to drilling speculation alone will help the SP soar, as we all know there is high grade copper on the surface. Now its just a matter of finding the motherload. Hopefully it's within their 5,000km tenement.
The only reason the SP is this low can be attributed to a couple of things. 1. The GFC 2. Old management 3. Previous cash burn. 4. Basemetal decline 5. Little activities
IMO all of the above issues have been rectified. But what has got me investing heavily in this company is the changes that are within thier control. All of the old directors have been given the boot and cash burning is on the decline. Last but not least, they are now very active keeping the market informed on the progress of both the Bauxtie and copper project.
VAN Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
