I am fairly happy with this latest placement.Resource stocks...

I am fairly happy with this latest placement.Resource stocks that require all the permits and ones that are drilling etc naturally need funds.For me it was no shock. I am happy that $5M is being used for drilling. Further resource upgrades will significantly increase the viability and ultimately profitability of OVR. We are still 3 years away from production by the sounds so we need more drilling,more resources and news flow to keep this one humming.

Remember we have a $174M undiscounted cash flow before the latest upgrade so that will now be a lot higher and with further drilling to come one can expect that figure to rise substantially.

I realise this stock has been frustrating for many but with a MC of 30 odd million the numbers do appear to be some what attractive.

$875k for the cost of placement???What does thatactually cover?Financiers do well indeed out of these deals.