As in my previous post, OVR is now in the final stage of the pre-development process. They have already recommended to complete a Feasibility Report.
This is the most crucial point of any mining development firm. It will result, if successful, in a recommendation to BUILD A MINE.
As such, the ore reserve will be finalised and design engineering will be completed. The environmental impact report will be filed.
The above activities are done to remove as much risk as possible by getting the costs to + or - 20%. This is so OVR really understands what they are going to need to do build a mine.
Once they release their new resource estimates and NPV's, the share price will probably soak it in before rerating again. The opportunity is there for investors to do their due diligence.
OVR Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held
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