RE: RE: RE: RE: RE: RE: RE: RE: RE: Gold in $CADYogi-
I am not concerned with the working capital needs here unless they have some capex cost overruns for El Valle and UMZ which I think is a very low probability event given the infrastructure in place. However, when we look to the Copperwood project which is slated for 2013 production they will fall very short of the cash requirement. I believe that production projection is really pie in the sky unless they dilute.
I can't see how they will be able to afford this project from the accumulated cash flows of the other projects and be in production by such an early date. I figure the capex requirements for Copperwood will approximate 500 mil USD by the time they start construction.
As to the news who is to say they are going to release an IR about the Bolivian financing of UMZ looking at how long it took them to release information on the scope of Copperwood.
Strictly a guess the company will make this a nonevent and ORV will eventually get about half of the requirement financed by the Bolivian banks.
I agree there are no short term catalysts to propel this stock higher other than its stupid discounted value. Copper Mountain's project has similar in situ resources as Copperwood and it has a market cap of 123 mil CDN and had an offer they rebuffed for 170 mil CDN. So in turn a shareholder here is receiving no valuation for El Valle and the Bolivian operation.