It is interesting how the price fluctuations move people's emotions from elation to fear and back...whilst the fundamentals for OVR have actually never changed and instead have gone towards the positive.
One can't be seriously comparing BHP's blocked bid of Potash as a reason for OVR's recent volatility. Besides, the Yukon has its own mining act and agreements and follows a different process altogether through to mining permits. OVR has already go the backing from the government and the more importantly, the First Nations groups [who actually work for OVR in their current projects at the Andrew and Darcy.
I hope that we have more shareholders who have done their due diligence to get on this play rather than short term traders but i must admit these traders do provide liquidity - which is good for long term growth. Am i glad to have kept some powder dry to accumulate with this volatility.
Spec companies = Rock, Chip Grab samples, Trenching figures and pie in the sky figures based on concocted calculations and not on sound principles and peer groups.
Development companies = Measured, Indicated resources, scoping studies, pre-feasibility studies, environmental assessments, hiring of independent firms to complete the definitive feasibility study, mine permitting etc
Investors should really do their due diligence.
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