TSXV:NORA.H - Post by User
Comment by
blue_seaon Oct 02, 2012 2:15pm
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Post# 20438758
RE: RE: Conference Call today
RE: RE: Conference Call today Don't think so. Just heard the conference call. It's usual business to deal with surface rights and as it was said at the conference call it's no farming land, no creeks, no rivers, ... so no concerns about surface rights.
What came up was that Pan American didn't sampled new veins ... In my point of view they just wanted to make a cheap deal from the beginning. And I could bet they didn't spend 18 million bucks in La Preciosa. Good they are gone and out of the game and hopefully never come back. They just delayed the project over years ...
So La Preciosa has no real competitive or comparable deposit in Mexico and are also sparely compareable with other pure silver plays in the word because of its size. Like I said, the longer we can or have to wait for a takeover the higher the price will be.
Orko is still good financed with around $12 million in cash hands. So the PEA will be the next step and then the FS – bright future for shareholders, despite of all the manipulation of the share price.