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Orex Minerals Inc V.REX

Alternate Symbol(s):  ORMNF

Orex Minerals Inc. is a Canada-based mineral exploration company. The Company is focused on precious and base metals exploration in Mexico and Canada. The Company is engaged primarily in the acquisition and exploration and evaluation of assets. It has several projects, including two projects located in Durango State, Mexico, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with Fresnillo PLC. The third project is the Valenciana Gold-Silver-Base Metals Project in Zacatecas State, Mexico. The fourth project is the Jumping Josephine Gold Project in British Columbia, Canada. The Sandra Project is situated north of the town of Tepehuanes, Durango, in the heart of the Mexican Silver Trend, midway between the mining districts of Tovar and Guanacevi. The Coneto Silver-Gold Project is adjacent to the village of Coneto de Comonfort, centrally positioned within the Mexican Silver Trend, over 100 km north of the city of Durango, Mexico.


TSXV:REX - Post by User

Bullboard Posts
Post by pmanalyston Oct 16, 2012 12:43am
382 Views
Post# 20487113

No Problem With Merger

No Problem With Merger

I don't see any problem with this merger (takeover) with Astral.  Actually I think OREX made a great deal.  They got property in BC with at least 38,000 ounces of gold in the ground which at todays prices is worth over $64 million.  Plus some promising land in Mexico all for about 3 million shares. The only problem I have with OREX and most other juniors is their inability to raise capital.  Investors just don't seem interested in gold exploration companies right now BUT that will change shortly and these stocks should at least triple in value from here.

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