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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 May 19, 2012 2:24pm
170 Views
Post# 19928925

good thing gold does not go bad

good thing gold does not go bad

As long as they have decent margins moving forward they should be able to alleviate the not great debt to capital ratio achieved.  At current commodity prices EVBC is not a cash cow, but maybe a cash goat in the second half of this year.  Sadly their tack record now and their balance sheet leave them with little leverage for developing copperwood.  And they would not gain great value with a sale of copperwood in todays markets.

Bullboard Posts