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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 Dec 19, 2011 2:10pm
347 Views
Post# 19335191

The dump continues

The dump continuesWith the almost 100 million cash these boys had, plus the 50 million from Credit Suise, the 15 million dollar bridge loan, the 17 million equity financing, and now the need for another 15 million for Spain, this bunch will have burned thrue nearly 200 million dollars to get these mines up and running. Wow. All this money flushed and they still have a mess in Bolivia, don't even have a clue when they will access the 5% grades in Spain. The share price day after day has constant selling presssure to the down side. The current management doesn't have the skill set to turn this pooch around. Some more house cleaning is in order.
Bullboard Posts