TSXV:NORA.H - Post by User
Post by
dennis_gmpon Mar 10, 2010 2:24pm
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Post# 16866797
Orko Silver Fair Market Price and Outlook
Orko Silver Fair Market Price and OutlookI've put together a fair market valuation on Orko Silver at
https://www.goldminerpulse.com/blogs/orko-silver-valuation.php
My basic conclusion is that using the 43-101 resource counts available today, and assuming that Pan American completes the joint venture deal, the pricing of Orko Silver is consistent with the overall silver market. Given the attention that BMO has focused on Orko in recent months it is reasonable to expect fair market valuation to be reflected in the current stock price.
However, that said, I have not assigned any future value to potential finds from 2010 exploratory drilling at La Preciosa. I believe the Pan American is required to spend at least $2.5M on exploratory drilling by April 2010 so it is hard to believe that more resources won't be found. It would appear that the market is likewise fully discounting any resource expansion so my take is that any positive exploratory drill results news over the next few months should move Orko Silver stock price very quickly.
Any comments are always welcome.