Thought I would try to consolidate some of the more pertinent information on OGX, lists of positives and risks as well as my personal opinion on why I think Orinoco is an attractive stock to hold. I have a day job so am just doing chapters each night
EXECUTIVE DIRECTORS AND MANAGEMENT
Jeremy Gray (Managing Director): 23 years in mining. Ex Credit Suisse Melbourne, Morgan Stanley London and Credit Suisse London positioned in mining research and equity teams. Various board appointments as well as positions in merchant banking. Of note he was positioned as Global Head of Basic Materials Equity Research for Standard Chartered PLC. Contributed a number of articles for outlets such as Financial Times.
Joseph Pinto (Chairman): Major OGX Shareholder (Approximately 10%). Practicing Solicitor and Barrister of Supreme Court of NSW. Admitted as a Solicitor of the High Court of Australia. Non-Exec at Tyranna Resources.
Richard Crew (Chief Operating Officer. Site based): Experienced in Open pit and Underground mining in Brazil with knowledge built over 30 years. Ex Consultant General Manager for Sao Bento Group who operate 100,000oz/pa Gold mines. BFS management and Process Plant Construction Management Experience. Various Leading Management and Executive positions in multiple Gold Mining Groups.
Faina Goldfields Project Overview: The Faina Project lies in the Central Brazilian state of Goias. A number of Major Mining Groups operate mines in the northern Greenstone Belt with total production to date of +5.7 million oz of gold. AngloGold operate the Crixas Mine while Yamana Gold operate the Pilar mine. Orinoco controls the majority of the large southern sector named the Southern Greenstone Belt. Orinocos Project consists of 200km2 of tenements including the Cascavel Gold Mine and highly speculative gold exploration areas Sertao, Antena/Xupe, Eliseo, Espanola and Tinteiro
