OGX 0.00% 0.3¢ orinoco gold limited

Re: The Annual Report, page-5

  1. 21,950 Posts.
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    '' If they can come good on there plan to be cash-flow positive this month and produce 2000 oz next month, then a rerate will be on the cards.''

    Yes the key is when they will become cashflow positive or else another CR is possible in the not to distant future imo

    IMO,

    Without a JORC resource - the market needs to see a few months (at least) of production to ascertain an average (plus AISC)

    March quarterly showed $6.8m cash on hand at 31/3/18

    Expected cash outflows for June qtr $2.8m - which leaves around $4m cash at 1st July for exploration etc.... and Cascavel etc to gear up production for year end targets

    They also have the gold royalty stream as well...

    DYOR
    Last edited by Merchant2000: 14/05/18
 
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