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Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Bullboard Posts
Post by yhzsailoron Dec 15, 2011 4:40pm
292 Views
Post# 19326677

Going Forward Plans...

Going Forward Plans...I have spoken with Mark. I don't believe Management is going to explicitly target a specific area to get a good result, which would be somewhat damaging. They will perform a proper scientifically valid bulk sampling campaign using a reputable company. However the campaign will be designed around an underground/selective mining and perhaps with some shallow open pit scenario. They are very confident that the results will validate the nugget effect and the viability of the deposit for selective mining.Furthermore, a PEA is a 43-101 document. Mark has told me the resource count will have to be updated when they do the required scoping study. For those of you clamouring for a 43-101, you need to actually understand that all the documents being produced have to meet the standards of National Instrument 43-101... including items such as press releases. A 43-101 is not a specific document, but a standard for information disclosure. The PEA will be produced according to 43-101 standards, which will require a resource update.Frankly I'd be thrilled if they also use front end loader to scoop up and process all the ore that is on the surface from the last bulk sample that was mined for Placer Dome and then never sent to a mill for processing. There is 10,000 tons already on surface that they should just run through a mill for the purposes of gaining cash - it could never be counted towards a 43-101, but there is probably gold in there and the will be valuable.The biggest wild card right now is the NS Department of the Environment. OX have existing environmental studies and approvals that the reinforce there is no environmental impediment to moving forward with a mine, and need assurance from the current bureaucrats that these studies from the late 90's will still be acceptable. If the NS Environmental Action Committee gets on the horn then there will be bad press, but likely no derailment. This is where Mr. Felderhoff is supposed to come in with all his "experience" from Acadian. Lets see how things go.Someone also commented that they could sell at
.04.... that's because there have been nearly 1.5MM shares available at 0.035 or less... why would anyone buy at
.04 if people can get them at
.035. Its time to bring in someone to clean up the shareholder base and get rid of the day-traders.
Bullboard Posts