Unfortunately still the same waffle re partners etc regarding funding, this has almost gone on long enough, either management are entertaining the most uncertain partners ever or they are just playing games. Time to get this done, management seem to have been good at getting this project to this stage but just cant close the deal and get this moving forward. The SP is UNDOUBTEDLY been controlled by someone and it isn't that hard with the stock being so illiquid. Market up, copper up, zinc up but nothing re any movement in SP, not even being allowed a little gallop, which makes this look like SP is being controlled, not accumulated. only 2 reasons to control SP in this range, takeover or placement.
Found an article from stock head from 7/12/20 that gave a valuation of ORN at $448m on base case and upside of $639 million based on copper at $3.10/pound and zinc at $1.15/pound. Copper currently at $3.62/pound and zinc $1.22/pound. Current mar cap of ORN is $89 million. a stark contrast in valuations in a market that has been flying.
Also read another article referencing the recent drilling as providing security to lenders re near by greenfield prospects. Either way, time to get this done.
On a slightly more positive note, it looks like IGO are making progress preparing site for drilling in the Frasier Range re piped water and storage, along with track building. we have great targets here but location is poor. perhaps commencement of drilling by May?
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