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0.5¢ ora gold limited

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plough

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24/07/23

11:56

Post #: 68944132
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Originally posted by westaussie ↑

Two important developments that will effect a slowdown in mineral exploration in WA will have a major re think for Companies.
1… WA Aboriginal culture heritage laws.
2…. Voice ramifications are a big if !
Shareholders will remember the lengthy and frustrating negotiations with Native Title Holders that it took to get mining lease approvals on the Crown Prince and Lydia ground.
Today and in the future these mining lease approvals and the other one ORA has at Abbotts,will be a deciding factor for any company who would like the gold to be mined today and not have to wait and tackle the unknown rigmarole of the incoming new laws.perhaps years for approval to mine, let alone having to get ongoing approvals during exploration to disturb the earth.
It has taken time and a lot of money, but ORA is now sitting pretty, the only question hanging in the air is what price will the top holdings want to tippy toe to the door.

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I would use the word may rather than will , but true nice we have mining tenements already , state side hopefully more collaboration with first nation people going forward given they will have an increased vested interest in getting compensation quickly to improve their standard of living.

OAU Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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