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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

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.


TSX:ORV - Post by User

Bullboard Posts
Post by newbie880on Jun 01, 2011 1:20pm
288 Views
Post# 18657073

No good news here

No good news hereBolivia after starting up over 2 months ago is running at what %%%%%%%%%%%%%%???????????????? This mine was to help fund the Spain startup. Management in their most recent presentation wuold/could not give a timeline as to when prroblems will be ironed out. This mine is about 9 months behind schedule, that alot of cash flow. Now their maiden project, in Spain which was to start up in May is now behind. Bridge loans are issued to companies that are stressed. This bridge loan was at criminal style rates. Why can't they meet their deadlines? If they can't then just shut the fu*k up when giving timelines. Someone azz shoul be canned. 2 dollars, here we come.
Bullboard Posts