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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 griffen1on Aug 14, 2012 4:03pm
177 Views
Post# 20216959

RE: Cash cost

RE: Cash cost

Orvana should be selling more then thay produce for Q4 to bring down inventories that should not exist anyway.  If they're cash costs are not less then $600 as a result.....then they were way off on their monthly updates.  you cannot produce at $700, $600 and $600 monthly costs, carry some inventory into the following quarter and claim costs of $700 on sales unless current production costs are really rising fast.  Meaning they were always closer to $800 costs then $600.

 

At least they are no longer cash constrained.

Bullboard Posts