''Once again do not miss this point that OGX is no longer a 'one trick pony'...
It is much more than just the 'bonanza' Cascavel mine.... Cascavel will allow us to become self-sufficient, it allows us to now explore the 200 sqm of tenements that we own - this is something that the previous managers failed to do... instead of spending money on production/exploration and development most of the money went to staff/admin and goodness knows where.
This is a now <b>new mining company doing what a new company should - finding out what we are sitting on and increasing SP organically and honestly not through 'smoke and mirrors'.
Will we produce 2000 ounces gold in June? - I don't know... things may go wrong.... announcements may be delayed....Richard Crew might get the flue.... etc What I do know is that the hammermills work and we have the gold!... June/July/August it doesn't matter any more
we are no longer dependant on an outside source for our survival.
Even if Cascavel 'only' produces 1500 ounces over the next few months this is still over $2.5 million dollars A MONTH coming in at a VERY LOW COST because most of the ore has ALREADY BEEN MINED and is sitting either on our pads or in the carpark
!!!! IMO this alone will push the price over 15 cents.. The real value of OGX will be what our geologists find in the ground.
We will soon be cashflow positive after almost losing the whole company a few short months ago....the new BOD are using this money to build shareholder wealth - this is good for us AND good for them (remember they get paid mostly in shares)!! It is a win-win deal...''
OGX Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
