ORD is a good company with some strong projects going forward however it isn't going to be a billion dollar company.
I can see ORD being worth 300-400 million dollars in the next couple of years though which still holds a lot of opportunity.
People talking of 1-2 billion tonnes of Bauxite as a JORC and ORD going to 40 cents are probably dreaming because Bauxite is a very common commodity globally. It is not hard to get. The only thing that really brings value out of this resource is the refinery and that is why DFS haven't conducted their analysis of the LAOS project on it's in situ value but rather the DCF.
I don't believe that DFS will increase their evaluation of LAOS when the resource upgrade comes out because it is still the same refinery that will produce the same amount and earn the same amount that they have initially gone off.
I believe that the gold at SJ has quadruple the potential that LAOS has.
VAN Price at posting:
8.7¢ Sentiment: LT Buy Disclosure: Held
