Orex Minerals Inc V.REX

Alternate Symbol(s): ORMNF

Metals & Mining Industrial Metals & Minerals

Orex Minerals Inc. is a Canada-based mineral exploration company. The Company is focused on precious and base metals exploration in Mexico and Canada. The Company is engaged primarily in the acquisition and exploration and evaluation of assets. It has several projects, including two projects located in Durango State, Mexico, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with Fresnillo PLC. The third project is the Valenciana Gold-Silver-Base Metals Project in Zacatecas State, Mexico. The fourth project is the Jumping Josephine Gold Project in British Columbia, Canada. The Sandra Project is situated north of the town of Tepehuanes, Durango, in the heart of the Mexican Silver Trend, midway between the mining districts of Tovar and Guanacevi. The Coneto Silver-Gold Project is adjacent to the village of Coneto de Comonfort, centrally positioned within the Mexican Silver Trend, over 100 km north of the city of Durango, Mexico.

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Orex Minerals Inc

Bullboard Posts

Post by JLaGourgueon Oct 28, 2010 3:46pm

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Post# 17626028

Clarity to Terms of Deal

I am familiar to the Barsele deal, and here's my understanding:
The 43-101 report - there's over 700,000 indicated and inferred Au ounces
Purchase was done at $15/ounce
Conservative houses are valuing resources in the ground at $50/oz
All current Mexico assets are still in play
Not to say there's not a bit of work to do here, but the asset is very real, with great potential upside
I am not currently a shareholder, but have owned REX on and off over the years and am interested to see how this plays out.
Good luck

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario