Which begs the question, what is ORE's REAL break-even production rate? Not the tonnage to meet opex, but generate real cashflow? The ability to generate cash, after opex, carrying JEMSE, servicing debt, corporate costs, it is hard to see ORE general real cash for at least another couple of years. ORE is a great long term story, strong tailwinds, but ORE really need to improve execution, otherwise the market will lose even more patience.
ORE Price at posting:
$1.62 Sentiment: Hold Disclosure: Not Held
