Rameez for once I have to agree to a point with BOT. Over recent months I've grown tired of his/her 'half cup empty' attitude however when one considers the impact that Pattersons Curse had on this stock it is understandable. Now I welcome his/her rejuvenated, positive outlook.
In this instance BOT is close to the money, yes in many respects ORD is largely a speccy play however if one looks at the projects on the books it's difficult not to see ORD as much more.
I can literally think of dozens of other stocks on the ASX that would 'kill' for even one of ORD's projects so it is really an interpretation but for me I'm in BOT's camp!
Copper Flats is I believe going to be a cracker of a project - Many have over time dismissed CF as a white elephant and I have to admit that I too have had my doubts on occasions. BUUUUT if you think about it the rock chip samples that were found initially weren't (I hope) dropped there out of a helicopter after being found at Doolgunna for example.
I now believe there's Cu there (serious Cu in fact) and I'm almost certain that ORD management know this too hence the rason and need for a farm in arrangement given the size of the overall strike.
ORD management it seems are going to increase company value by working smarter not harder which is a strategy that sits very well with me ;) Take the recent CCD deal as a case in point.
The absolute number one issue to remember constantly with ORD is - BE PATIENT! The Hungry Dragon are extremely patient as I keep reminding everyone, so must we be patient!
WC8
VAN Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
