re: Ann: OLYMPUS COMMENCES EXPLORATION PROGRA...
It is going to be interesting to see how much the : 1. Resources ounces increase as a result of the programs at the 4 sites. In particular I am hoping that the Tai Ton A site at Bau will produce updated resource levels which reflect high grades and a big increase in ounces reserves. 2. cash flows have improved from sales of gold produced. 3. In the longer period it is good to see that the Tien Tuan area is going to be explored in more detail. 4. How well Bong Mieu development and Phuoc Son mine construction is progressing. The latter hopefully will result in substantially lower production costs and therefore with increasing gold prices, how that reflects on cash flows and profitability.......
coldcat (warming up! )
OYM Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
