RE: Q2 call Great synopsis of the conference call. Thanks.
Overall Ovana is doing fine and will do okay even if gold price remains depressed as a declining gold price will be countered with expansion at EVBC, improvements at UMZ, and sale of counter cyclical copper. With two profitable mines and cash flow positive Orvana has a good foundation upon which to progress Copperwood.
Share holder value will continue to appreciate regardless of share price. Whether or not share value translates into an increase share price in the short term depends on market sentiment.
Most analysts are predicting that the price of gold will rebound this year. Essentially with low gold prices there is strong demand for physical gold and a dumping of paper. All the macro drivers for higher gold prices are still there and increasing. This was mentioned in the MD&A.