OAU 9.09% 0.6¢ ora gold limited

BC - I don't fish but I golfBoth require patience which I have -...

  1. 2,102 Posts.
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    BC - I don't fish but I golf

    Both require patience which I have - first purchase of this stock was in April 2001 on the TSX, so very bloody patient!!!!!!! smile.png

    It will turn but even if we have an MRE of 5m oz at an EV of $100/oz the SP would only be a tad over 10c due to approx 4.7b SOI

    at $150/oz the SP could get to 16c

    Ditto, if they mined 500k oz a year at a cash profit of $1000/oz (maybe a bit conservative given POG around &US1880 or $A2980) you get a NPBT of 500m or the dreaded 10c / share (again)

    but first we need 5m oz (or Li as per the ASX:S3N announcement on 19.9.23 7 we all know you just love Li)

    I will wait


 
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