OGX 0.00% 0.3¢ orinoco gold limited

G'day Bond-Maybe you should contact the company yourself before...

  1. 2,475 Posts.
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    G'day Bond-Maybe you should contact the company yourself before implying
    someone is B.S ting !
    Spoke with the company myself recently, second U.G.-Bogger was thought to become
    operational by the end of this week, so it adds up, as for the tailing x 10 t & H.G X Ten
    Tonne being reprocessed by a third party with a CIL circuit.

    All i can say is where do we think it highly probable the Gold is ?
    Think the Gold evaporated ?
    Do we think it was all stolen ?
    Do we think the gold is not their ?
    Do we think the gold grade is too lower grade to recover economically with a low through-put plant
    and that a CIL will make the difference ?
    ( remember with this scenario CIL will increase recovery approx 20%would that
    be enough to make the difference by its self)-No imo, though read on

    Do we think the accessing of the high grade intermediate zone would possibly
    make the difference needed as grade p/t increases along with the veins thickening
    (recalling its NOT just one vein ) offers up more volume-hence less dilution being experienced, do we think about the continued exploration programs & ask ourselves
    how is it possible to finance if gold recovery is not occurring that is likely far in
    excesses of previous quarters, this also supports the theory that accessing of the intermediate zone & increased gold recovery is the only plausable resoning for
    this to be occurring.
    If not then imo the company would have already announced a Capital raising
    as one must allow for time to implement & have funds become available, my calc's
    suggest Gold sales must have increased as it has NOT happened, does that mean
    it won't happen-NO , but it does imply increased gold sales logically are very likely
    occurring.

    As said pending results from a independent processing by a third party MILL
    of 10 T of tailing & 10 T of High Grade will be eagerly awaited & very relieving.

    I would have thought it prudent for one prominent poster to await results
    prior to making statements seem like there OPINION IS AN ABSOLUTE GIVEN
    & every one else is a fool.
    The old saying may apply here give some one enough rope & when they repeat
    themselves enough they start believing their own B.S .
    time will tell -much to pay out
    imo-gltah
    salt
    Last edited by Saltiga62: 30/08/18
 
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