Gold making another new high tonight $1094 & more then likely much higher highs to come.
ORP could not be better positioned to significantly rerate over coming months, a run down for those that have not caught on yet:
*Advanced Indonesian Gold Proejct
*Current resource 1.01mil oz, that will only grow substantialy as drilling continues
*4 drill rigs to be on site by december, 2 rigs already on site, which will see ORP aggresively drill around current resource & new targets
*Gold Results to flow more often as aggresive drilling takes place
*Producing cost US$442oz vs US$1090oz current gold price
*Development Cost $40mil - $60mil " MAC have indicated to the Board they have the capacity to fund Pungkut all the way through to production, should final project economics merit a development decision."
*Oropa only scrathing the surface with current drilling as numerous untested targets outside the current resource are yet to be drilled
*OROPA to change name to "SIHAYO GOLD LIMITED"
*New investors taking a position at .04/.05/.06, new director Paul Willis with extensive experience in South East Asia taking a position on the board
*Directors all holding significant amount of shares
*Cash in bank roughly $7mil if funding package is approved & options converted, market cap roughly $35mil at current share price price
*OROPA share price showing signs of the market warming to the story with a peak of .105 mid october followed by light volume sell down to .06 & current price .075
*Roadshows to take place
*Martabe 65km from Oropa in Indonesia
*GOLD companies are the market focus now as gold has broken $1000 & continues to make new highs
Sum it up we have a advanced GOLD exploration company transforming into a future low cost gold producer, with cash in bank & serious investors on board, oropa is positioned to beocome recognised as gold continues higher.
First Price Target is .20 - .50, based on current gold price, oropas gold resource & future resource upgrades, producing potential, gold price heading alot higher.
To me its simply a stand out spec buy in what looks to be a GOLD BOOM market, current price provides a cheap entry before oropa attemtps to move higher & retest october highs
Always DYOR...
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time to get serious about this gold company
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Last
9.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.03M |
Open | High | Low | Value | Volume |
9.0¢ | 9.8¢ | 9.0¢ | $11.86K | 122.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 13810 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.8¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 13810 | 0.090 |
1 | 29129 | 0.089 |
1 | 50000 | 0.088 |
1 | 11000 | 0.086 |
1 | 40000 | 0.085 |
Price($) | Vol. | No. |
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0.098 | 10000 | 1 |
0.099 | 38771 | 1 |
0.100 | 202385 | 2 |
0.105 | 85671 | 3 |
0.110 | 34554 | 2 |
Last trade - 15.53pm 03/06/2024 (20 minute delay) ? |
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Last
9.7¢ |
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Change
0.000 ( 7.78 %) |
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Open | High | Low | Volume | ||
9.6¢ | 9.7¢ | 9.5¢ | 26646 | ||
Last updated 15.51pm 03/06/2024 ? |
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