Yeah OGX is one of those companies that will sure do well.
I think people have forgotten about the value that has so far been unlocked (previous announcements) and that is to be unlocked with HM3.
Here is a quick recap (summarised) of the past ANN's with some FA!
Hope this helps point anyone in the right direction looking for a Goldie. OGX have some fantastic gold grades along with other precious metals!
Fundamental Analysis
Market Cap: 111M
SOI: 900.5M
Cash approx. A$2.9M (as at 31 January 2018)
ANN 06/03/2019
New Monthly Mine Development Record at Cascavel as Ore Processing Continues
• Bonanza grade gold @ Cascavel
• Grades between 30 to 149 g/t
ANN 28/07/2017
Spectacular Grades Continue from Pilot Hammer Mill
ANN 8/01/2018
17.56m @ 1,292g/t silver supports targeting more high-grade zones along the Cascavel Dolomite layer
Orinoco looks forward to follow up its previous high-grade exploration results including rock chip results up to 4,234 g/t Ag (silver) and drilling of 17.56m @ 1,292 g/t Ag in a zone of significantly thicker silver host rock open to the south.
CDP_021: 17.56m @ 1,292.4 g/t Ag & 11m @ 0.25% Cu from 101m
• CDP_025: 25.0m @ 39.2g/t Ag: including 3m @ 97.2g/t Ag from 114m
• CDP_031: 4.4mn @ 760.3g/t Ag: including 1.05m @2,510 g/t Ag from 157m
• CDP_014: 4.7m @ 58.6g/t Ag: including 0.85 @ 236g/t Ag from 162
ANN 24/01/2018
Cascavel Operational Update
Further High Grades and a Surprise from the Waste Rock Stockpile
ANN 25/01/2018
Cuca Panel Sampling Commences
Trial mining to begin shortly
ANN 31/01/2018
Orinoco Confirms Outstanding Grades of Gold in Tailings
Bulk Sample of 1,000 tonnes of Tailings to Commence Shortly
ANN 02/02/2018
Mestre Assays Show Further Bonanza Grades Up To 185g/t
The highest grading samples included 185g/t, 178.5 g/t, 72.6 g/t, 40.4 g/t and 28.3 g/t. The average grade of the 19 samples was 31.42g/t
Fantastic grades and more to come.
GLTA & DYOR