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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 ValueHunter92on Jun 27, 2016 10:50am
184 Views
Post# 25001029

Huge opportunity at Orex

Huge opportunity at Orex

Their present test suggest 50 millions value at 1200/oz for gold.

They have a market cap of 7 millions and gold is at 1325/oz.
 

The estimated cost of extracting is 700/ oz, making it one of the lowest cost in the world.
 

Therefore, their proven reserve settle at a 140 millions , so likely to be able to provide 60 millions in net profit, no wonder this is going nowhere but north

Going jump in at 4 cent, huge opportunity in my view
 

Regards

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