Orvana Minerals Corp T.ORV

Alternate Symbol(s): ORVMF

Metals & Mining Gold

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.

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Orvana Minerals Corp

Bullboard Posts

Comment by yogi33on Dec 04, 2008 1:27pm

211 Views

Post# 15627716

RE: RE: RE: Record 2008 Financial// $115 million i

Am I reading the numbers wrong?

Cash is $91 million now compared to $87.5 million last quarter...an increase of only $3.5 million? Is this due to investment losses on their cash holdings, or due to rising costs associated with lower overall grade resulting in a much smaller (but growing) cash chest.

Numbers are good overall....still need a better understanding of how they are going to use the $90 million....that is the million dollar question.

Still trying to figure out why the stock trades at 50 cents to the dollar based on their cash position....strange indeed

yogi...

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