Ausenco have accepted the appointment for ORC's giant copper project in China. There is no way they would have agreed to do that if this project wasn't a big goer! Another Ok Tedi/ Grassberg? The right people think so. If so then the stock is worth dollars. ORC has $6-7 million in the bank so is very well placed to add considerable value to it's projects by funding itself and not having to dilute through placements. So at the current price, the market value of it's projects with all that gold, copper, and moly is only around $5 million. That is a joke and shows why this stock is amazingly underpriced with serious OXR-type upside. Especially when it is presented to international investors soon.
ORC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
