infos Orezone GoldAfter selling its 5.3 Moz Essakane mine to IAMGOLD, Orezone is nowfocused on expanding and developing its other gold assets in BurkinaFaso which collectively have 3.7 million ounces.
www.orezone.com
- the management team has developed the Essakene Deposit and sold it for $139 Mio. to IAMGOLD
- Now, Orezone has 3,7 Mio. oz gold which are valued with less than 5$ per ounce
- Market Cap @ 0,34 CAD = 19 Mio. CA$
- 7,4 Mio. $ Cash!
- IAMGOLD hold 16,6% on ORE, Goldfields holds 10%.
- Burkina Faso is political stable
- Insiders bought 1,74 Mio. Shares of ORE (formerly ORG) in April and May 2009