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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a Canada-based multi-mine gold-copper-silver company. The Company is involved in the evaluation, development and mining of base metal deposits. The Company owns and operates El Valle Mine and Carles Mine, which is situated in Asturias, Northern Spain (collectively El Valle) and is managed by its wholly owned subsidiary, Orovalle Minerals S.L. (Orovalle). In addition to El Valle, it owns certain mineral rights located in the region of Asturias. It also owns the Don Mario Operations (Don Mario) in San Jose de Chiquitos, Southeastern Bolivia and is managed by its wholly owned subsidiary, Empresa Minera Paititi S.A. (EMIPA). It consists of around 10 contiguous mineral concessions covering approximately 53,325 hectares (ha). Through its subsidiary Orvana Argentina S.A., the Company holds its 100 % owned Taguas Property, which is situated in the Province of San Juan, Argentina, and consists of approximately 15 mining concessions covering approximately 3,273.87 ha.


TSX:ORV - Post by User

Bullboard Posts
Post by coruscateon Nov 30, 2011 12:19pm
654 Views
Post# 19279198

look forward

look forward Oct. operation both mines generated $9.5mm with free cash flow of $3mm. This will recur monthly, and with warehouse finance facility, ought to take them through. Taking the Oct figures up to the end march 2012, and then factoring in the increse of 400 tpd at EVBC for the last six months of fiscal 2011/12, we might expect earnings per share after tax of 25.2cents, at a PER 4.9.Projecting the production rate of the last month to the whole of 2012/2013 would give eps of 85.9cents for a PER of 1.46 at a share price of 125cents.All hedges,royalties, NSRs and the tax rates of the mines' jurisdictions have been used, and a gold equivalent price unhedged of $1600.
Bullboard Posts