RE: RE: RE: RE: Serious block of sharesWhat people don't realize here is the stock is table pounding CHEAP CHEAP CHEAP. A really good comparative on expectations to use here is Century Mining which is also a 2 mine producer.
One mine is in South America (Peru) with 180 K of reserves at 8.2 g/ton. Orvana has about 200K of gold reserves at 7 g/ton Au eq in Bolivia. The Lamaque mine (Canada) has 1.2 MM oz of Au at 4.5 g/ton proven where El Valle/Carles has 1.2 MM oz of proven Au 5.5 g/ton Au eq.
Last year they had similar market caps but when CMM was able to finance Lamaque and nearing it first pour date now the diluted market cap of CMM is 325 Million and looks like it is going to go higher. Orvana does not have the execution risk on the money end.
Granted Lamaque has a higher inferred potential but it doesn't have Copperwood.