:-Ord River Resources Limited (ASX: ORD) is pleased to provide the following update on its Lao Bauxite Project. The project is being operated by Sino Australia Australian Resources Company (?SARCO?) a JV company in Laos which ORD owns 49% and China Nonferrous Metal Industry?s Foreign Engineering and Construction Co., Ltd (?NFC?) owns 51%.
Sydney6791,
I have no idea how you are calculating that ORD currently owns 35% of the project??
That just doesn't make any sense???
VAN Price at posting:
8.1¢ Sentiment: LT Buy Disclosure: Held