Ann: Scoping Study Confirms Potential of Nyanzaga & MRE Upgrade-ORR.AX, page-53

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destinationsecret

500 Posts.

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23/08/16

10:21

Post #: 18601935
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Originally posted by chuk ↑

Just a few months ago I would have thought $1 by Christmas was very ambitious but after the scoping study results that target looks quite realistic - and a pretty good call seeing as it reached the mid 70's with 4 months to go . Big moves eventually trigger some profit taking and we have seen that over the last week. Even the strongest up trends retrace along the way as some holders decide they are happy enough with the gains they have made.
Before the study results I was confident that a management team with the success that these guys have had would not be interested in a project that was not going to be a billion dollar plus project. After the study results I can see this project being valued in the billion plus range. Now I don't need to hold mainly out of confidence in the team. The project is showing its value as well. Two to three years down the track, I expect we will be looking at much higher prices as value is added along the way and the project approaches production. Assuming the POG doesn't collapse, a pull back to the high 50's is going to look like a gift to those wanting to add.

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absolutely agree you will here no debate from me regards the above comments. hence why this is by far my largest holding - i just don't do the crystal ball analysis on future SP predictions as you mentioned all the stars would need to align and we are at the mercy of the pog.

Last edited by destinationsecret: 23/08/16

ORR Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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