Going belly up is not restricted to juniors, but they are probably more vulnerable because of the difficulty they have of raising funds in tough times.
With ORD it all depends on what sort of deal they can get for their share of SARCO. It's disappointing that ORD won't be part of this valuable project, but it is way down the track.
So depending on what ORD can extract from their share of SARCO (it is certainly worth much more than ORD's market cap of $4.5m.), I am not averse to a focus on gold in Australia.
But who can say what may happen.
VAN Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
