UP!! Falling costs, increasing inventories, drill results coming, near $2000 price of gold so far this quarter. Couple this with the rising price of gold and we have a nice platform offering less risk.
Just the conditions they need to launch these catalysts. The lack of information on the progress of the OSP and the new strategy in Argentina has been a drain on the share price IMO.
- EMIPA:
- During the second quarter of fiscal 2023, EMIPA advanced the process for the issuance of a $47 million Bond Program in the Bolivian stock market. Conditional upon closing the Bonds Program issuance and completing the remaining funding requirements, EMIPA expects OSP construction to start in the first quarter of fiscal 2024. OSP is projected to operate for 35 months, starting after a 13-month construction period.
- Orvana Argentina:
- Orvana is analyzing a strategic option to combine Oxides and Sulphides in a larger undertaking strategy. Fiscal 2023 is being dedicated to enhance the analytics of the sulphides zone of the deposit. Once the oxides – sulphides combined opportunity is understood, a potential infill drilling campaign will be designed.