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Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Bullboard Posts
Post by JoeKoolon Nov 01, 2012 11:32am
310 Views
Post# 20550004

recent MD & A

recent MD & A

In it, it stated no exploartion expenses were planned as of June 2012. I take it that means they're just going with the results they have so far to do the updated resource estimate. After they get that, it's on to the bulk sampling. Question, it stated they only have 171k in cash and the burn rate is pretty high, with the very high " professional fees". I'm not a financial guy but it appears they do have 1.6 mil in short term deposits. With the SP so freakin' low, a further PP is highly unlikely, IMO, unless they plan to dilute the snot out of this thing. So, it appears 2013 is the end game for OX. with little funds available, they need to hit on an increase in the resource estimate AND show the bulk sample proves it to be economical. Is there enough funds left to do all this?

Bullboard Posts