OAU 0.00% 1.1¢ ora gold limited

Stagnant Share Price, page-32

  1. 34,325 Posts.
    lightbulb Created with Sketch. 1927
    "Historically the forward plan with AP and ORA has been at a frustrating snails pace...hence why I sold half of my holdings earlier this year and now making a nice profit in AWJ"

    I dispute the "snails pace " assertion as he has been the CEO for around 17 months and in that time we have gone from a scoping study of around 22 k ounces at 4.1 grams a tonne to 240K ounces at guessing around 5 grams a tonne with an MOU in place for processing that ore
    Not hard to ascertain form the above that we have gone from around 30M in potential cash flow to around $400M in potential cashflow in 17 months (took 1 minute to throw those numbers together but you get the drift I am sure ) that we are over 10 times the monetisable value .

    It is painful to watch Alex speaking he does not exude any confidence unlike the charlatans and Disallowed salesmen out in the small cap explorer world , but I prefer an MD like Alex who has hit targets , rather than one who is all hat with a big mouth and no horse

    As a side note nice to see mention that the strip ratio now looking to be down to cc 9:1 rather than the 10:1 previously hinted at
    Last edited by plough: 20/08/24
 
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