Ann: Investor Presentation - 121 Mining Conference, May 2018, page-96

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Merchant2000

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22/05/18

12:02

Post #: 33249937
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Originally posted by DiamondJoe ↑

There won't be any major movements up or down until we are on a firm footing with production - hopefully an update in two weeks with the results for May, and progressing from there, a solid month in June. To hear Richard Crew's comments on the mill is certainly encouraging though, he sounds like the kind of guy you want to shepherd an operation through to profitable and stable production - up for the hard slog IMO.

The fact that a small third shift is already in place and a fourth shift is on the horizon is enough to suggest we are a goer this time, jasmac, though I agree the potential is there for it to go pearshaped as often happens during the comissioning stage of any mining operation. Been around to witness plenty fail at this stage of the game so nothing would surprise!

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There seems to be plenty of exciting tenements going forward

Looks like some large seller/sellers are happy to take 7.9c or thereabouts

IMO, they will require a lot of capital over the next 12 months and beyond for these tenements

Still uncertain why a major presentation at this point in time - new investors don't usually enter a registry via on market purchases

IMO, the current market cap is already over $100m fully diluted - well above some peers with a steady stream of gold production

DYOR

Last edited by Merchant2000: 22/05/18

OGX Price at posting: 7.9¢ Sentiment: None Disclosure: Not Held
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Ann: Investor Presentation - 121 Mining Conference, May 2018, page-96

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