ORS 0.00% 1.3¢ octagonal resources limited

ORS is a prime example of an asset loaded gold stock that is...

  1. 4,749 Posts.
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    ORS is a prime example of an asset loaded gold stock that is denied a fair valuation due to market misperception and bearish commentary on gold stocks and the gold price.

    ORS owns $35M worth of process plant and underground development work at the Union Mine, Maldon that is held debt free and currently valued at Around $8.6M of which around $3M is cash. So you get Maldon for $5.6M, and everything else for free, and that includes a significant and high grade gold development on the 1100 level at Maldon, multiple gold resources in the Maldon area, and a chance at a moonshot with drilling on a significant copper and gold anomaly in WA coming up in July.

    Gold prices are currently up US$9.30 to US$1,252.90 after taking out a buy stop at $1,1251 which pushed the price quickly to US$1,257.70.

    There is tremendous instability in the US Government that is being generated by the Obama Whitehouse. The latest round of decisions that surrounds the release of the "Gitmo Five" has the smell of total incompetence and follows on a string of massive failures that include scandals at the VA, IRS and DOJ "fast and furious" along with recent decisions within the EPA (just to name a few).

    The Drudge Report is running a headline photo of Obama with a call for impeachment at the very same moment that the gold price spiked. There is a total breakdown going on between the CIA, DOD and Obama (who outed the CIA station chief in Kabul) which could send the gold price into orbit.

    The gold market is currently heavily weighted to the downside, and the first nervous shorts have started to cancel their downside bets.

    All of this provides very significant upside for ORS investors. Good luck to all longs



 
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Currently unlisted public company.

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