orc's value: the ore, plus more tibetan projects a
altogether nearly 20 billion Aussie $ in situ!
Thats - diluted - nearly $100 in situ reserves per share.
After costs it could be maybe $30 or $50 per share in gross profit.
Certainly there are risks, and it takes time, and there will be dilution, but that's what is in the ground PER SHARE, which costs 12 cents or so now.
And there is always the chance that they secure more projects based on their relationship with the government. And Dr. Tyrwhitt has done his research in Tibet for years. He should know where are more opportunities. If Orchid gets many mega projects, it will neeed joint ventures, maybe with a small stake only for Orchid, but that small stake could even come in for nearly free (for intermediation and political goodwill, plus maybe a bit of money to secure the claim, do a scoping study, maybe do some drilling). Orchid knows the ground, knows the people and involves them: According to press, one of Orchid's Tibetan JV directors seems to be the second highest of the Tibet government's mining hierarchy. And: Orchid's drilling expenses go to the local brigades, they spent money since middle of 2004. Good for both sides, it is cheaper, and it builds the relationship with the locals.
ORC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
