G'day grounswell- It was clear to me the Production report would not be received well
by market-self inclusive & sold re lucently as in the past in a similar situation
I held & was burned badly.
I have openly said OGX is not only about cascavel with D.D. results pending
& upon the s/p bottoming ( thus far any way)-I reassessed & re-entered the registry .
IMO -On the back of good exploration results a J.V. & or Take Over will likely occur
should such an event unfold-clearly a premium can be expected on top of the share
price ATT.
I have little doubt the cascavel gravity plant will be a productive mine & processing
facility-though I do not expect it will become the bulk high tonnage through put
facility some are expecting-what's important are healthy margins.
I believe additional supply can be provided from the tailings to complement cascavel
though this is only short term up to 12 months depending on ROF rate of feed.
IMO-Alternate close to the surface low strip ratio supply is being sought ATM & it
is as yet unclear as to economy of scale ie add CIL to the gravity plant or leave Cascavel
as a small scale through-put high margin plant & build a separate bulk tonnage
gold processing facility if & when justified.
If exploration results justifies -in will come the larger cap players .
Lots of known unknowns & risk applies with this stock -equally if the planets
line up the potential rewards are high.
As I have previously said- want a sure thing buy NST at $6.32 p/s current price .
For me the risks are worth the potential reward that may or may not eventuate.
Their is NO absolute right or wrong path -as we are not privy to the future .
OGX is unlikely to be a one tick pony imo.
Many chapters to Go.
Do agree the current BOD need to focus on the markets interpretation of announcements
& update the market when timelines have been presented, seems that OGX need a skilled
very experienced mining engineer with narrow vein high grade gold extraction experience
as their are plenty of Geo's whom are doing what seems to be a Stella job, its likely with the
latest personnel shake up- this has already occurred.
That's imo-Each to their own though-matters not if people do or do not agree.
gltah-salt
