options exercised/ Spain stockpiled oreIt appears that some options where just exercised by various insiders.
It also shows that after the options where exercised and that some of the exercised shares where disposed of in the public market. (Understandable to cover the cost of exercising the purchases and potential taxes)
Does anyone know if the options where set to expire?
Orvana has a fair bit of stockpiled ore in Spain and it would make sense to me to start milling the ore just before the mine is operational to increase revenue. Mine is still set to produce in May, a few weeks away.
Bolivia should be producing Revenue of $6.75 Million per month based on Gold at $1420, Silver at $38 and Copper at $4.20
Spain should be producing Revenue of $11.4 Million per month in 2011 based upon 70% production and $16.3Million per month in 2012 when production hits 100%
Good luck to all