ORS has to get into the 1080 Level and develop it horizontally...

ORS has to get into the 1080 Level and develop it horizontally for up to 100 - 50 metres (based on the gold found in drill holes). I think that the immediate cash crunch can be delayed with treatment of some low grade ore from the south eastern corner of the Union open pit mixed with remnant stockpiles from recent mining. Assuming 10,000 tonnes at 1.5 g/t au still gives you +475 ounces plus remnant stockpiles worth AUD1420 ounce for +$687,000. Senior management had also advanced significant funding via debt (which was recently retired) and has potential to provide stop gap funding for development of the 1080 Level and below.

The technical picture / charting analysis of the break below $0.050 per share to $0.031 (last week) on heavy volume looks awful BUT this week the stock price attempted to build a floor from a very oversold position. Technically we are still in a down trend BUT we carry a very significant collection of assets, no debt, very low capitalization and are looking at a rising gold price / falling Australian dolllar. Good luck to all longs.