RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Way to cheap
one thing to note with ORV costs. They are at the tail end of a multi-year transformation where they rehabbed their operations from cashflow, after paying down a 70 million dollar loan during the dark years of $1,100 gold. So it's either they going to come out Victorious and make a lot of cash flow with an honest operation or something shady is going on like some people have eluded here. Last few years they've spent nearly 25 million dollars each year on capex from cash flow and small loans. A lot of this was expensed as opposed to capitalised there for bloating the CC and AISC. They need a few break out quarters adding cash to the balance sheet and to get The stockpile program up and running to get some success with the Argentina JV to really get this thing moving. Copper's heading higher $3 per pound. Orvana produces 6 million pounds of copper per year that's going to help.