This project must be worth around $40m-$50m as is, based on the gold in ground. ORP's share could be worth $40m or more. Just a shame about cash levels at the moment. Hopefully the scoping study comes out soon and we will see an offer on the table. With a bit of luck ORP could be cash up once more.
Currently 192m shares and so potentially worth at least $0.20 now without any futher work and ignoring any other projects.
Is this a fair assessment?
Von.
ORP Price at posting:
3.0¢ Sentiment: None Disclosure: Held
