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31/03/11
20:27
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RE:- Orion
I think there is massive upside to Norton over the next few years.
2nd largest Australian focused gold producer.
150,000+ oz and still growing.
They have 15mill still to be received from the coal mine sale
They have Approx 31mill + 20 mill in cash backed bonds
Gold price should stay strong.
684.8m shares is not that many shares, look at fml.
At this price I think it is under valued.
As the debt is reduced further or gone all together you should see a re-rating.
I sure Sprott would not have invested in the company if there was not massive potential for growth.
I will keep buying especially at this price.
By the way PAB looks promising at first glance.
I will do some research into it. Thanks
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