Ann: Orinoco Confirms Outstanding Grades of Gold in Tailings, page-85

Once OGX is a reliable producer with sector confidence then there is no reason why it shouldn’t run a PE of 15 - 20. Remember they are negotiating a tie up with Anglos which I suspect will actually result in a negotiated takeover instead.. Managements are going to do whatever they can to move OGXs cash position into strong territory and also move the SP high...

The PE is really only a function of how the market values a company you would agree I’m sure.. I think management are making moves for us to be valued highly

When I get on computer next though I’ll add in some lower PE calcs for everyone,

cheers for your input
OS