Well another day goes past & OROPA makes another brilliant announcement regarding Pungkut gold, a 49% resource upgrade to above 1mil oz Gold, so what market reaction do we get? a slight run to 8.9 & a poor close at 7.5 on very light volume of 2mil shares, showing the market shrugging off a major step forward for oropa becoming a producer in the near term.
These were the key points from todays news:
* Independent resource estimate for Sihayo 1 North increased by 49%.
* Inferred resource base now 12.1mt @ 2.4g/t Au for 910,000 ounces of gold.
* Combined Inferred resource at Sihayo 1 North and Sambung gold deposits
now stands at 1.01 million ounces of gold.
* Sihayo 1 North resource remains open along north western margin.
* Scoping Study to immediately commence for Pungkut mining development.
* Drilling planned at both Sihayo 1 North and Hutabargot Julu to further extend
resource base.
* Oropa will also embark upon an infill drilling program to increase resource confidence to at least an Indicated
status as preparatory work continues towards a Bankable Feasibility Study.
Now I have gone through my research over & over again & come up with the same answer major undervalued potential gold producer. ORP should be trading between .20-.50 with there Indonesian Gold/Malawi Uranium/India Diamonds
Market Cap: $13.5mil
Share Price: .075
Shares on Issue: 179mil
Project: Pungkut Gold Advanced 1.01mil oz
Neighbours: Oxiana, Herald
Very Strong Spec Buy
DYOR
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Last
6.3¢ |
Change
-0.003(4.55%) |
Mkt cap ! $11.95M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.0¢ | $32.21K | 529.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 179837 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 179837 | 0.062 |
2 | 112662 | 0.060 |
1 | 4772 | 0.057 |
1 | 30000 | 0.056 |
1 | 100000 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 20000 | 1 |
0.075 | 70445 | 1 |
0.078 | 22000 | 1 |
0.083 | 10000 | 1 |
0.098 | 9128 | 1 |
Last trade - 15.56pm 29/07/2024 (20 minute delay) ? |
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ORP (ASX) Chart |