Nice to See the Orinoco Gold OGX project starting to go up again after the small splash down cap raise..
TRF owns - 10% stake in the project.. OGX has a smaller barrier to entry with low Capex costs than other gold mine producers. This project can produce high margin, gold with lower capex, risk costs of $800 an ounce. Excluding credits, of Silver, Tungsten and Copper.
OGX-TRF SP will move higher if 1 to 2 holes of OGX holes assayed prove up high grade mineralization in next few weeks.
If 7/7 are High grades.. Then we can expect huge rerating both for OGX and the TRF SP. TRF's Balance sheet will be rising like a large soufflé, giving it room to future develop their quality portfolio of mining assets..
Bring on the Precious Metal Bonanza.. TRF bargain of the century at this level.
TRF Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held
