TSXV:NORA.H - Post by User
Comment by
Tibberon May 08, 2006 3:52pm
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Post# 10815519
RE: OK so what's the upside?? chocogirl
RE: OK so what's the upside?? chocogirlchocolagirl
Orko's business plan is to prove up a viable resource and sell it. they (Management) feel that 100 million ounces will attract the attention of a major.
Now, can they do it?
1.) they've already proven up 22.3 million AG equivalent in January 43-101 with only 20% of property drilled.
2.) 10,000 metres of drilling since then still hits the veins and a new resorce estimate will be out shortly (a month or 2).
3.) 2 drill rigs on the property going 24/7
4.) they've optioned a neighbouring property from Silver standard that is believed to contain a continuation of the main silver veins the are drilling.
It is my belief that they will prove up 100 million ounces well before they run out of property. That is just one man's opinion.
Chocogirl. look at the presentation by George Cavey posted by Red~One a couple of days ago. It will tell you a lot!!