TSXV:NORA.H - Post by User
Comment by
Tibberon May 05, 2006 10:22am
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Post# 10802322
RE: Took my profit
RE: Took my profitThanks for the heads up on ORM ... but, I think I will stick with Orko.
Why?
1.) The last resource estimate was in January and with 10,000 metres of new drilling finished recently we can expect a new resource estimate coming very soon (by July I expect).
2.) A very small portion of the property has been drilled and all veins are open in each direction.
3.) The option agreement with Silver standard increases property size and makes it 2 majors that are involded in OK along with Goldcorp.
4.) I like the business model of ORko ... Drill and Drill to prove up a resource large enough to make a major interested in taking you out. Their goal is to be bought ASAP ... hopefully within the next 12 months.
5.) and most important, management is agressive
Having said that ORM looks to have some potential... I like the low float. They currently have a higher resource count. However, the deposit right now is a little small to be of interest to a major and I believe Orko has a better potential to prove more resource sooner which would also command a higher price per oz (IMO).
Good luck with ORM and maybe we'll see you back here sometime.