The targets I have are targets rather than predictions and are based on assumptions on POG, resource size, throughput rates etc. Those assumptions change with time - especially the POG assumption so my targets always change with time as well. You have to be flexible in the resource game but also with any business as business conditions can also change dramatically even for industrials. Look at Woolworths etc. A bad investment into hardware, a big competitor shows up (Aldi) and a market darling halves even while the broader market moves higher.
For now those stars are lining up and this looks like a good resource stock to hold at least medium term while the story develops.
ORR Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
