Napkin Math part 2Orvana's resource value using today's closing metal prices, puts Orvana's metal valuation at approx $17 Billion.
Orvana has approx 116 million outstanding shares.
That would put the valuation at approx $146 per share, based upon metal valuation.
Again that is my cheap napkin math.
Even if Orvana's expenses, taxes, royalties, mining costs....ect where 50% that would still give a net valuation of $73 per share. Can't believe Orvana is still sitting below $4/share
Also good to know that Orvana is not looking to raise funds or dilute value by doing a private placement. Copperwood will be funded by the revenue from Bolivia and Spain in 2013.
I can't see any downside. The revenue will flow fast and furious after the 1st quarter when the Spain property begins to produce. This will free up cashflow to expand resources and allow the Copperwood property to progress to where it is mined in 2013. Hopefully Orvana will be able to fast track Copperwood production.
Anyway these are my thoughts. Do your own due dilligence.
Happy New Year.