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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.


TSX:ORV - Post by User

Bullboard Posts
Comment by yogi33on Feb 08, 2013 5:55pm
206 Views
Post# 20961493

RE: Total

RE: TotalTomander....not sure Copperwood is the saviour it is being made out to be.The reality is that it will take $200+ million to develop....which is about the same money they spent acquiring Kinbauri and getting both UMZ and EVBC up and running. How are we doing on that front? See, Orvana is in a pickle, no cash to self fund the development. They are up to their eye balls in liquidity issues. If its not debt servicing, its enviro bonds, or bolivia bank loans, or fabulosa loans, or concentrate sale restrictions, or.....Any company seeing this will realize they can dictate what Copperwood JV terms they want. They are dealing from a position of weakness here.....dont fool yourself in thinking this is a huge gamechanger. Just ask what the market thinks. They usually get it right.I sold a portion of my position today. While there are good signs, there are also still signs of potential trouble. I dont want to be left holding the bag. Unfortuneatly for me i waited way too long. Besides, if this was the deal of the century wouldn't you think a few insiders would be buying.Yogi...>
Bullboard Posts