Orvana Minerals Corp T.ORV

RE:Argentina devalues peso 50%

[Larry60]

It should be very beneficial

BUt if history is any metric, ORV (mis)management will ruing it.

Last year the Euro hit all time lows.  ORV blamed high AISC on European inflation.  But what they faile to mention is that in USD, costs did not go up alot.  That doesnt help you if youre living in spain, but it helps a company like ORV.  Yet they mentioned the inflation without mentioning the 30% depreciationin the Euro

I dont believe they could be that inept............unless controlling SH wants them to be..

JUANTOTHESTARS2 wrote:
Argentine Peso

wonder if this is benefical to ORV operations at Taguas.

JuantotheStars2