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

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Comment by goldpigon Apr 27, 2010 3:05pm

304 Views

Post# 17036418

RE: RE: RE: Seriously Undervalued

Lets look at Orvana from a conventional cash flow model.

At a cash cost of $350 per oz, Orvana will cash flow about $105 million per year, net of copper credits.

Thats
.90 per share.
No debt and a conservative 10 times cash flow ( KGI, JAG, ARZ ) trade about 14 times cash flows ) and you get $9 per share.
As you say, anyway you look at it, Orvana is seriously undervalued.

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