Team - imo the next sp driver for ORD is the funding of SARCO for the Laos project. It was intended that this be done via an IPO on the ASX, however given current market volitility I would doubt this will happen in 2011.
Other alternatives include listing on the Hong or Singapore stock exchanges, (as Asians seem to have a LT view on business, rather than our second by second approach), or Chinese interests providibf 100% funding via debt, equity or a combination of both. This funding could be repaid via a listing once markets stabilise.
I know an updated JORC for the Laos project and Copper Flats drilling have been also been mentioned as possible sp drivers.
SARCO already has more than enough resource to proceed with the development of the Laos project. My recent experience with other companies providing updated JORC is that it has little or no impact on the sp, where there was already a commercial JORC announced.
As for Copper Flats, well this has been on/off again many times from the posts here. WC8 reckons he has been told it's not a priority at this time. Well, we will all know more soon as ORD has until 21 Oct to release its Sept Quarterly Activities Report, in which mgmt should provide an update on Copper Flats.
So we wait for the Quarterly to see what sp catalysts are coming and when,
Still reckon it's a good story, but probably no coming as fast as we would like.
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