Very good point, although I would keep in mind that the company...

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Atlas_J

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18/06/18

16:57

Post #: 33777310
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Originally posted by wilfran1pm ↑

@bid.rod – Hope you have a good trip and site visit. I’ll be looking forward to your report.

Something resembling a risk that has been in the back of my mind for a while is that of security. I’ve read several reports talking about the escalating violence across Brazil. They report that authorities are struggling to contain violence due to flawed crime control policies and ongoing political and economic uncertainty. It is suggested that negative security trends are not likely to be reversed in the near future. I’m not aware of the current state of security in the State of Goias, but two years ago Reuters reported that there was a 2,000 ounces of gold stolen from Yamana Gold Inc’s Jacobina mine which involved heavily armed men, a dead security guard, and explosives used to break open the safe.

Apart from one mention of the “Safe Room” there hasn’t been much discussion regarding Site or Transportation security. So my questions, apart from the obvious one of the reliability and the level of future gold production, are:

What is Orinico’s Site Management assessment regarding security of gold stored on site and during transportation?

Have or are any additional security services and/or procedures being implemented when full production of gold is achieved?

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Very good point, although I would keep in mind that the company is probably hesitant to be to highly detailed here for obvious reasons. I’d like to know what kind of insurance they have, if any, and whether theft would classify under force majeur.

OGX Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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Very good point, although I would keep in mind that the company...

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