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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
Comment by kimchipoweron Aug 03, 2012 10:20pm
216 Views
Post# 20183772

RE: RE: ORV a No brainer

RE: RE: ORV a No brainer

Although ORV's production is hedged, it does not necessarily mean they are stuck with those terms.  It is not uncommon for companies to raise capital in one form or another to pay out the balance of their gold prepayments. This would be done to allow ORV to fully profit from the future upside in gold prices beyond the contractual levels that have been set. Once profits start soaring and the price of gold is above $2000 per oz., I assume the company would seriously take a look at doing this.

Bullboard Posts