Time to crunch some rough numbers on ORP again as we get close...

Time to crunch some rough numbers on ORP again as we get close to resource upgrade announcement which will be followed by commencement of Scopying Study, Im hopeing ORP will get to 900,000oz+ on the upgrade, so what could this be worth to ORP:

Say 10 year mine life X 90,000oz pa

Gold price of $900oz & say it costs $400oz to produce (only a guess unsure how much more or less)

90,000oz pa X US$500oz after costs = US$45mil profit pa (give or take if my calculations are wrong)

So Possibility PROFIT $45mil per year X 10year mine life = US$450mil take out 25% as ORP holds 75% that would be US$337mil

This is not factoring in future upgrades, future gold price, just what they possibly have now.

Imo I think ANTAM or OXIANA will take over OROPA once close to production:

ORP

Maket Cap - $11mil

Share Prie .064

Shares on Issue - 179mil

Project - Gold ADVANCED - Indonesia

Gold Price - $900

Neighbours - OXR HER

Significantly undervalued against other gold players

SPEC BUY

Target: .20 - .50

As you can see below OROPA has advanced there project significantly but has not factored any of the gold price rise:









DYOR!