My answer is patience!
IMO putting all the current frustration aside regarding ORN`s lagging sp - share dilution - potential portion of project level sale, we are sitting with a market cap of +- 50-60 Mil AU$.
This analogy is focused only on Prieska and excludes any potential value from Fraser range or any new deposits.
Current value of existing infrastructure , ie bulkhead, and underground mine is speculated to hold a value (savings) of +- AU$ 50 Mil, if starting from scratch.
BFS indicates a 10 year mine life (foundation phase)
Funding package required = AU$ 378 Mil, payback period of 3 years from first production. This gives us an expectation at current metal prices over the 10 year life of mine, a resource value incl` all costs should be around AU$1.26 Billion (foundation phase)
With required funding (immediate 2020) coming by way of debt/options or sale of ownership, our nav (albeit debt leveraged) +- AU$ 400 Mil of 1:1 should see the market cap 4 times what it is now (within current parameters). That equates to a sp of roughly 8 cents.
2025 arrives and now payback is completed and we have AU$ 400 Mil value of mine infrastructure and we are sitting with a mineral resource (foundation phase) less 3 years of production, equal to +- AUD$840 Mil
NAV is then AU$1.2 Billion, 1:1 on market cap and within current parameters sp is sitting at 46 cents within 5 years!
NB: This basic speculation does not take into account Fraser range and new deposits from current drilling!
Tbh I see the sp a lot higher than AU$1 in 5 years...
GLTAH May we have the patience to see this through...
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My answer is patience!IMO putting all the current frustration...
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Mkt cap ! $109.3M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 60000 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.7¢ | 438508 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 60000 | 0.016 |
2 | 322502 | 0.015 |
1 | 76920 | 0.013 |
3 | 1133280 | 0.012 |
1 | 272725 | 0.011 |
Price($) | Vol. | No. |
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0.017 | 438508 | 2 |
0.018 | 1900000 | 2 |
0.019 | 719295 | 2 |
0.020 | 1549960 | 2 |
0.021 | 600000 | 1 |
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