That doesn't take in to account the recent capital raising, so add another $30 million odd.
For me the biggest risks at the moment are:
The slow and delayed ramp up getting delayed even further. From an engineering perspective though I appreciate that they are really taking the time to get their processes right. And once they are right they will be sitting on one of the lowest production cost resources in the world with decades of production ahead of them.
Regional instability with Brazil looking like it is up the proverbial and potentially on the way to a current account crisis. Orocobre from what I can read has made every effort to be a good corporate citizen at the local, state and national level so I think they have been managing political risks well. Brazil in trouble also doesn't bode too well for their Borax operation.
ORE Price at posting:
$1.63 Sentiment: Hold Disclosure: Held
