OGX 0.00% 0.3¢ orinoco gold limited

Ann: Issue of Performance Rights and Unlisted Options, page-60

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  1. 21,950 Posts.
    lightbulb Created with Sketch. 899
    ''It seems that if 400 to 500 ounces a month is the operating break even level for OGX, then the real issue is the Cartesian royalty payments, as it won't take long to get to 500 ounces a month''

    IMO

    400-500 ounces a month will equate to $500-$700k per month in gold sales before ASIC and all other financial liabilities and commitments- operating expenses etc....

    How is this even close to breakeven for OGX ??

    Never amazes me what I read on HC which receives countless applauds and likes

    For Cartesian payments refer to annual report

    DYOR
    Last edited by Merchant2000: 24/09/18
 
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