OGX 0.00% 0.3¢ orinoco gold limited

Hi SJB I look at the market in an extremely black and white way....

  1. 727 Posts.
    Hi SJB

    I look at the market in an extremely black and white way.

    Resource after 4 years of work very low, regardless of nuggety nature.
    Future production is up in the air regardless of how much assumed extractable gold is there.
    Money will not last past March 18, therefore more shares to be issued equals more dilution.
    Chancery are owed cash in perpetuity until production can supply bullion.

    Therefore OGX is currently over valued.


    Fundy
 
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