OGX 0.00% 0.3¢ orinoco gold limited

James It’s difficult to speculate what will occur in next 6...

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    James
    It’s difficult to speculate what will occur in next 6 months
    IMO
    Regardless of production - whether it’s 1000 oz or so or even 1500 oz per month

    How much cash will be left over after all expenses and commitments and exploration

    The real issue that that cash position is borderline at this point i time

    They have the gold royalty debt and many here believe they want their money back ASAP

    IMO
    Will Cash flows of $1m- $3m a quarter cover all future costs and commitments

    Even at 10c - the market cap would be well over $100m not fully diluted

    IMO
    Need Earnings / profits to justify even this market cap

    Dyor
    Last edited by Merchant2000: 30/08/18
 
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