OGX 0.00% 0.3¢ orinoco gold limited

ann out: bonanza grades, page-10

  1. 12,484 Posts.
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    Best announcement yet by this company. A really good handle on the controls and indicators for mineralisation by the looks of it. In light of which, graphics and commentary that seeds punters' dreams of billions of tons of ore are now just too ridiculous to include. A compact well-managed high grade operation at Cascaval that may never be worth drilling so far ahead for JORC compliant numbers is not out of the question. Suck it and see approach is perhaps the best way to know if this Co can go from cash-sow to cash-cow. However, they mention an open-cut option, and in proving up their modelling of the structurally controlled mineralising events, that option becomes enticing.

    Problem is they've abused the trust factor, such that jaded punters will just stay on the sidelines. Where's Crackers? He was a jaded holder with useful things to say. Haven't noticed him around for ages.
 
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Currently unlisted public company.

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