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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Well another day goes past & OROPA makes another brilliant...
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Last
6.5¢ |
Change
0.023(54.8%) |
Mkt cap ! $12.33M |
Open | High | Low | Value | Volume |
4.6¢ | 6.5¢ | 4.6¢ | $8.881K | 176.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170882 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 26014 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 170882 | 0.055 |
1 | 56247 | 0.050 |
1 | 20000 | 0.045 |
1 | 11250 | 0.044 |
1 | 250000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 26014 | 1 |
0.098 | 9128 | 1 |
0.105 | 24600 | 1 |
0.115 | 255318 | 3 |
0.125 | 40000 | 1 |
Last trade - 15.58pm 04/09/2024 (20 minute delay) ? |
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ORP (ASX) Chart |