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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 griffen1on Mar 02, 2012 9:45am
456 Views
Post# 19616675

Feasability Studies and Orvana

Feasability Studies and Orvana

Feasibility Studies do not seem to be their strong point.  They certainly messed up on the EVBC one.  They were using $800 gold with a 2.16 year payback on the mine. Here we are at $1700 and they cannot make a buck.  My question for them next week will be why all the waste rock dilution on grades.  They drilled out core grades consistently in the plus 4gt and yet they are struggling still to achieve this.  There FS used 5.23 gt and 57000 tonnes processed per month.  Which brings up the other big question.  The 2011 report shows 4 months of ore hauled and milled at EVBC.  They averaged 44500t milled and 51000t  mined.  Still far short of the FS 57000t .  And the January number was only 38700t.  They're going the wrong way, so where is the bottleneck.  Head grades are half the number, ore mined and milled is the other.  They both better be improving.

Bullboard Posts