Yeah will be a long wait on this one. Not a lot really in sight at the moment. But to see the price at 3 cents and a market cap of 18 million (after rights) is crazy considering the value of the assets ORD hold.
I did do a rough calc today of what the laos project would be worth for ORD based on 300 000 tonnes and came up with $50 million (this is based on about a 15% holding after SARCO capital raising)
Did you say billion tonnes???? Sounds a bit much. Anyway i think they were aiming at a 600 000 ton per annum output which would indicate the resource will be significantly higher.
Could be my retirement if I can hold out long enough
VAN Price at posting:
2.9¢ Sentiment: LT Buy Disclosure: Held
