Will 2017 be the year for Orosur Mining?We currently have the mining shares being influenced by a March interest rate hike in the USA. I for one do not see any recovery to justify this increase in price. Yes true inflation is much higher than the reported amount. The unemployment rate is also much higher than the official 4.2% and the US dollar is moving up. Last week we had silver taken down when 115 million oz were sold in 25 min. during a thinkly traded market as Europe was closing. No idea how much paper gold was dumped at that time so far. In most currencies gold is approaching record highs with the exception of the US positon.
How much longer will the PM market be suppressed by the Central Banks? How much physical gold and silver is still in the west? Unfortunatly we are living in interesting times when reality is not reflected in most markets and currency creation has been on stariods.
We have this little sleeper of a gold producer pumping out approx 40 thousand oz per year and they have been doing this now for over 10 years.
What has cought my interest is the Columbia property which they will be drilling soon. Waymar Resouces had some great drill results in the 2010 to 2012 period. With intercepts of 15 m 40g/t and 41m of 14g/t. Their stock hit nice highs during the lasgt major gold run in 2011 and unfortunatly they ran out of funds. Orosur took them over with a share exchange and because they did not have surplus cash until recently nothing was done with this property. If this year they can hit some great drill results than Orosur will be put on the map. From what I have found out is that the deposit is of considerable size and could be a multimillion oz gold deposit. If that is true than Anza will be a company maker and the shares should appriciate. The market currently has not waken up to this inforamtion as of yet. If we get nice drill results that are similar to those found by Waymar than the shares should start to appriciate strongly. I have been buying a position on weakness and look forward to the results coming up later this year. Good luck to all the longs.