ORS is basically a leveraged bet on AYC doing well, at least until it starts drilling its own ground in 5 months
AYC currently capped at $15 million, and ORS owns 38% of that
ORS market cap now just $2.7 million
Its a similar situation to buying TAS over EDE... took a while to pay off but once EDE really got going, TAS doubled in the space of a few days with its 50% holding in EDE
If Andrew Forrest is happy to back AYC, Im more than happy to back AYC at half the price he is, via ORS.
ORS Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
