After the 10:1 consolidation issued shares will be 64,561,000...

After the 10:1 consolidation issued shares will be 64,561,000 and options of 13,280,800 exercizable at 50 cents. At current shareprice the suggested fundraising of $6,000,000 in December will see shares increase to 97,000,000.

The annual report points out what has been said in my earlier posts. ORP is sitting on a major mineralized system. Current market cap of $11,620,980 is very seriously discounted to the facts and exploration potential by many multiples. My guess at the moment by a factor of between 3 and 5 ($33 - 55 million or 54-90 cents on the "new shares"). A new round of drilling will start very shortly and any high quality results will probably be the catalyst to drive the SP much higher.


The leverage (and long dated) potential in the oppies is enormous. Take into account the gold price at US$473.00 (and flying to $500???) and ORP IMHO will fly to between $1-2.00 per "new" share within six months on decent results.