Napkin Math RevisitedOrvana's resource value using today's closing metal prices (Feb 21), puts Orvana's metal valuation at approx
$18 Billion.
Orvana has approx 116 million outstanding shares.
That would put the valuation at approx $
155 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 $77 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.
Orvana has 3 properties which are located in Bolivia, Spain and the U.S (Michigan)
Bolivian property contains Gold, Silver and Copper. Aug 20/2010 news release states this property contains a total of 150,000oz of gold, 5,000,000oz of silver and 70,000 tonnes of copper (70,000,000lbs of copper)
Spain property contains Gold and Copper, Orvana website states 970,000oz of gold and 115,000,000lbs of copper
and inferred resouces of an additional 1 million oz of gold and approx 100,000,000lbs of copper.
Copperwood property (United States) Dec 14/2010 news release. Copperwood has 1 Billion pounds of copper and an additional 1 Billion pounds of Copper indicated and another 1 Billion pounds of copper inferred. For a total of 3 Billion pounds of copper
If we add up all the resouces that are inferred and indicated to be proven and measured, Orvana has a total of approx
2,000,000oz of gold $1400oz total $2,800,000,000 or $2.8 Billion
5.000.000oz of silver $33.5oz total $167,500,000,000 or $170 Million
3,250,000,000lbs of copper $4.40lb total $14,300,000,000 or $14.3 Billion
What is not included is about 11 million oz of recoverable silver 1 million to EVBC and around 10 million to Copperwood and satellites for another $400 Million
Orvana's biggest asset is Copper at todays prices. followed by gold and silver. Orvana should be following the price of Copper more than gold. I know that the Copperwood property revenue will not come online until 2013. The prices above do not indicate mining costs, royalties, taxes, ect...........
Based upon the above information Orvana has mineral assests totalling close to $18 Billion but trades with a market cap around $431 million. I believe that there is still a great potential upswing in price.
Orvana is still looking to expand and define its resource estimates and as such I would not be surprised that these resources are further expanded.
With every 1 cent rise/fall in the price of copper, Orvana's value changes by $32,500,000 or $32.5Million
With every 1 cent rise/fall in the price of gold , Orvana's value changes by $20,000
With every 1 cent rise/fall in the price of silver , Orvana's value changes by $50,000 to ($165,000 if you include additional recoverable silver)
Orvana also has other minor byproducts not even factored in. at the UMZ they will produce a lead concentrate with the sulphide ore and it may be feasible to produce zinc in the oxide and transitional ores by increasing the slurry pH. At EVBC they also have tellurium and antimony byproducts (not factored in).
Best of luck everyone, please do your own due dilligence.