The Prieska project has another exciting prospect, that being the by-product [Cobalt] from copper mining, and we all know that EV`s is creating a market growth curve still in its infancy.
Cobalt as a resource is currently limited in its supply and the cost of has has been soaring in the past couple of years.
This is certainly a medium to long term hold that will require patience with production only getting underway in 2022.
Will the sale of "Connors Arc" provide sufficient capital to see it through to production, definitely not but it should see us through to the completed BFS hopefully. There may be a consideration once the BFS is out to sell "Fraser range" to see us through to production without a need for a CR.
And based on the BFS results the sp rerate should reflect positively or negatively, i`m banking on positively and so is Tembo capital "Tembo Capital is a private equity investment advisor targeting junior and mid-tier mining investment opportunities in emerging markets"
currently holding 19.99% share in Orion, the other large shareholders/ investment co`s incl Tembo hold almost 40%. there is definitely a large vested interest in seeing this project go from strength to strength $$$$
ORN Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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