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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

Post by nic_jordanon Jun 24, 2015 8:12pm
134 Views
Post# 23865895

Orex : Price VS Value

Orex : Price VS ValueThe PEA of 2014 gives a worst case scenario net present value of 66M$ to the Goldboro mine. https://www.orexexploration.ca/en/pea-2/ Yet, at 0.015$ Orex has a market cap of less than 2.5M$ ... Or if you prefer, the worth of its main asset was appraised at more than 25 TIMES the price at which we are trading as of today. Selling at this price makes absolutely no sense whatsoever IMHO.
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