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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 geezer321on May 15, 2013 6:51am
89 Views
Post# 21392945

RE: Q2 call

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.

 

 

Bullboard Posts