Australia's largest stock trading and investment forum Australia's #1 stock forum

OGX

Click for more information

0.00%

0.3¢ orinoco gold limited

Correct me if Im having a brain fart here but 90k oz per year,...

First 5 Last

Share
Profile

Follow
georgecostanza

1,340 Posts.

39

09/03/18

12:42

Post #: 31645703
Share

Originally posted by jimone ↑

Okay, sounds good, not worried about the hold up with HM3 results now, will take time to run 1500 ton from different sources I would think. When I put the broker report together with this announcement,, IE, grade used in broker report ~20gt and the target of 500 ton per day from the update today, I think they are shooting for between 70 and 90k oz per year in the short/ medium term (from May). My option only, lets hope they can deliver..

Expand

Correct me if Im having a brain fart here but 90k oz per year, at say $1700 per oz, less $600 AISC, at a PE of say 8 = $792m market cap?

Just from Cascaval? On 4 hammer mills? What am I getting wrong here?

OGX Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 21 more messages in this thread...

First 5 Last

Add OGX (ASX) to my watchlist