OGX orinoco gold limited

Fundamentals, page-282

  1. 2,633 Posts.
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    I bought some more yesterday. I have been worried about August production etc. is it poor or do they just report in quarterly. My guess is they are not doing anything near 1,000 0z yet. Still working on efficiency /equipment etc. But they must be doing some as evidenced by gold pour,

    But bought for these reasons:

    I think the Sertao theory about Troy is very exciting. That is they thought there was 50,000OZ and yet mined 250,000 OZ and left without understanding. First holes encouraging.

    They now have enough money for next year meaning current results are not as urgent

    Then they announced high grade samples 2 days ago. This was after theorizing that grade and width would increase with depth. First one ticked.

    I don't know of any other companies that offer so much short term upside if they eventually get it right

    Also the price is better for buying now-traders won't like that....
 
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