OYM 0.00% 18.5¢ olympus pacific minerals inc

Sorry to reply to my own thread so quickly but thought I'd add a...

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    Sorry to reply to my own thread so quickly but thought I'd add a bit more meat to the post.

    OYM now have 2 producing mines in Vietnam, should produce 48,000 onuces in 2011 and aiming to tripple that long term from these mines. CAsh costs are low around USD500

    It also holds various prospective ground in Phillipines and Australia but it's big prospect is potential elephant ground in Bau on Borneo Malaysia - JORC resource of 1.6 million ounces but targetting 5 million ounces!!. Drilling and exploration should now be self-funded via cash flow from Vietnam mines.

    On the negative side OYM does have quite a lot of debt and in the past has struggled to raise funds but right now seems in the best shape it's ever been in
 
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Currently unlisted public company.

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