The monsoon season has put a hold on their scoping and resourse testing at Copper Flats. Over the coming months there will be a number of announcements that will define the quality and quantity of Copper Flats.
As there are high expectations of this resourse the market is expecting significant market announcements. They (ORD management) are convinced of the opportunity and are selling, via a roadshow, to institutions starting this week... This is to work on liquidity (which has been good of late) and to improve the capitalisation. This point is absolutely paramount in my opinion as China sees ORD as a vehicle to our resourses.....however we are on our training wheels at the moment and need to prove to the Chinese we can perform.
So you can see Copper flats is important in the next 6 months (for resourse identification) and the next 24 mths to take it to a working mine...
The Laos baux has large upside in the next 6 months with announcements of 1. getting further tenements 2. JV funding etc etc......at this stage I dont want to get excited about this as my judgement in making rational trading decissions will be clouded by the inevitable hype and ramp of how big this could be.
To answer your question....this fin year is going to be up, down and sideways but ending significantly up from where it is today.....fin year 2010/11 I personally belive we will be talking dollars not cents per share....DYOR
VAN Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
