Ann: Scoping Study Confirms Potential of Nyanzaga & MRE Upgrade-ORR.AX, page-100

Last week I posted that the way they are going we might see the Definitive FS completed around the end of 2017 instead of the end of 2018. In the webcast from Denver, the MD states that they are now expecting the DFS to be completed in the last qtr of 2017 thanks to the extensive historic drilling with permitting work to commence. Based on the fast tracking to date, production could be brought forward by at least a full year. That has to begin to have significance for the near term valuation.
Interestingly $100mill dollars had been invested on drilling this deposit before ORR became involved. That's a big advantage compared to a greenfield discovery where the company has to spend that just to get to this stage where ORR now finds itself.You can imagine the dilution that would have been required if ORR had to complete that drilling itself.