Very under valued Mighty Boosh, and Bevter sellers drying up, buyers lining up. With the DD time almost over, people might be more positive that this very cheep explorer will be a producer by the end of the year. The money is the only thing holding us back from mining and with all of the desk top part of the DD done before the announcement was even made, it was only a site visit that needed to be done to complete the DD process.
Their has been at least one Brazilian company that was producing 100k oz of gold a year on the same permit that we have in place already, with our grades and some selective mining I do not see why we can not do a similar thing, the permit is renewable from year to year so we can continue mining until the full licence is granted.
We should hear from the company on Wednesday or Thursday regarding the out come of the DD and if it is positive, and you would have to think it would be, then we might get a nice leg up as that will remove the last hurdle before we move from a explorer to a producer and go from cash flow negative to cash flow positive....
OGX Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
