2013 For Orvana Well the year is ending better than it started for Orvana. But what a horrible year it has been. The optimist here will say 2013 will be much better. I'm one of them. But Orvana is no longer a home run opportunity, perhaps in the right management hands it could be.
Hopefully we will see some consistency now. In a positive way. Some things to look forward to in 2013:
1. Copperwood fully permitted and funded. The smart thing will be to spin it out as a separatly traded entity to distance it from the current error prone management. If they are going to raise equity through share issue, this is the way to go.
2. Drilling to expand life of mines in both Bolivia and Spain. They have huge areas in mineral rich regions to explore.
3. A plan on how to recover more minerals in Bolivia, if not in the original processing then from the tailings where more than half the minerals mined remain.
4.Consistent profits from Spain.
5. $200+ million revenues, 28%+ margins, $60+ million cash flow, $0.30/share profits
6. No more screw ups.