Fair enough butcherboy, not sure though I'd understand your concern I'd probably rate ORE as a far higher risk still at this point as there's a lot more to achieve before they will hit production. Having said that I think ORE will be fine and excellent longer term I just personally see more short term potential with GXY who are much closer to commencing their activities and have offtake agreements for 100% of their product. I also find the fact their plant is located in china very strategic and important, sometimes also in business being the first person to production is pivotal in success providing your product is quality.
Whether I'm right we'll see in time, I certainly hope so I'm just looking for a nice profit if things change I'll certainly sell and look elsewhere, afterall things change in the market at a moments notice.
Actually I must admit I've been eyeing off ORE for sometime just hoping to see them drop back a little for entry though I probably need to do a bit more homework relating to their costs and expenses.
GXY Price at posting:
48.8¢ Sentiment: Hold Disclosure: Held
