I'm bumping this fundamentals thread.
Why you ask? Because it full of great, informative info on OGX.
As I just posted in the Twitter thread, I can't help but feel the recent (lack of) quality and quantity of posts is deliberate - and a bit of a shock and awe approach - undermining confidence and making it hard to find the underlining fundamentals of OGX. So in summary:
- Since Dec new management have done a great job turning the company around
- The gold is in the tenements.... and there's lots of it
- The problem was with milling. This is being addressed in a measured approach of ever increasing hammer mills. HM3 (25 t/hr) has been commissioned and second shifts started this week. HM4 (50 t/hr) should be on site in April
- Avg grades from 9 samples undertaken since Dec range from low of 25.33 g/t to high of 54.08 g/t
- In addition, the sample of "tailings" returned an avg of 9.27 g/t
There's heaps more great things happening with this company, but I don't have time just now to list them here.... but all you have to do before being panicked into selling, is review come of the content in this thread.
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I'm bumping this fundamentals thread. Why you ask? Because it...
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