when does inforone return, page-19

Welcome back inforone. Strangely, I too have missed you.

In terms of projects you are right Chawkey, the focus is very much on LAOS and the IPO that will bring the project to reality.

I mentioned this in an earlier post, but we shouldnt discount other business developments. At present, there are some interesting things happening around the Caledon option. We are entering a very sensitive period. The 'lack' of news flow or updates - as some have interpreted - has occurred for a reason. In these circumstances, and I can name examples after example, a company must maintain a consistent message to the public. In ORDs case we must do this so as to avoid uncertainty and doubt, otherwise we risk entering 'deal' discussions with a cloud over our head. Other parties to a deal are watching and are watching for weakness. This is business.

Finding a way to monetise the Caledon option involves these 'deal' discussions that I am referring to. Even if we get $10Mill from it, it will be a company changer. As an example, they could drill SJ (the entire thing) and bring a resource est up to JORC with this sort of money. I dont know what the true value of it is, its just too hard for me to accurately put a price on it. There are too many unknowns. But nonetheless, if we consider how the option was acquired (consultancy to GRAM) alone, there is every reason to believe that it is worth over 10Mill. Again, this is high-level stuff, but:
- CCD T/O by GRAM at 1.12GBP.
- Total Enterprise Cost=300MillGBP
- Approx.=450MillAUD
- Industry consultancy fees = 1-3%
- Value=$4.5Mill-$13.5Mill

Please remember this is an estimate based on how it was acquired (consultancy). I am just using it as an example to illustrate that the option holds zero risk but large upside.