RE:RE:RE:RE:RE:OSP decisionYou seems to have difficulties to understand that they are spending $ like drunken sailors on exploration and development programs and it has paid of when it comes to resource growth and will continue to do so + 5Moz now and + 10Moz to come..... Please inforn me about another producing goldminer with +5Moz resource base valued @ < 40mcad?="" quote="">
Seriously how do you value a business. When I look at the last results the all-in cost (by-product) is 2200$. They are losing money right now and for sure for many quarters to come. I don't see how they can lower their costs in the next few months. For years the company has always found excuses for these setbacks. Every time the price and volume goes up it is Juan who manipulates it. The only chance to see ORV perform is to see gold over $2300 an ounce which is far from being done. I sold my last shares at around .40 and still hold 32,000 at .25. For the moment all the mining companies have been massacred for several months and ORV is one of them.
[/quote]