ORR 0.00% 56.5¢ orecorp limited

Ann: OreCorp Progresses Financing for Nyanzaga Gold Project, page-3

  1. 1,147 Posts.
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    Yes, and looks like from various sources to mix it up. Probably could raise some on market as well. A little dilution won't hurt that much. I think their intent is to package it up and sell it off though. That's probably what extending the life of mine is about. Get it out closer to 15 years. Would be more attractive to another African goldie experienced in the region. Could be sold for at least half the NPV on the DFS which was about $900m by memory, so $450m EV takeover. Three times the current SP.
    Last edited by MadMax69: 24/11/22
 
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