More analysis from Q3 results Mike Bandrowski, Clarus Securities (8/14/12) "Orvana Minerals Corp. released its Q3 financial results for the period ended June 30, 2012; significantly improved operations resulted in record net income of $12.1M or EPS of
.09/share and operating cash flow of $10.9M or
.09/share. With cash costs decreasing at both operations and the new shaft at EVBC being commissioned we expect significant production growth and cost reductions going forward. We maintain our Buy recommendation and $2.10/share target. . .with further improvements to operations anticipated and potential near-term permitting news expected at Copperwood, we believe the stock is significantly undervalued."