Ok so some rough math. On the above guesstimates drilling is say 35 cents per share conservatively.
As highlighted and mentioned by management we are then left with OREXPLORE with a potential for doubling income on an annual basis. This business also has a very low operating cost.
If it works we are laughing. However it is SWK. It has been a long time since anything has gone to plan.
Management have obviously been under a lot of pressure to get their collective act together. Institutional holders aren't real keen on a 23 cent raise with a drop in share price to 17ish. Maybe, just maybe it will happen.
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