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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

Comment by ganndolph1on Mar 04, 2021 11:08pm
122 Views
Post# 32725227

RE:RE:RE:Legal action in Spain

RE:RE:RE:Legal action in Spain
Beluga2020 wrote: Of course ORV will respond with such a statement. That's what all defendents do. The state is prosecuting, not a bunch of peasants. The state is a first world country, so there must be a valid case. There is a risk. Hopefully a settlement and the mine can continue operating in some form. The potential penalties are significant. Now that the case is out and not buried in quarterly materials, it won't help the share price.



Beluga2020,

"The state is a first world country, so there must be a valid case." NONSENSE AND NONSENSE SQUARED!

Having spent half my working life on environmental issues from the government and private industry side, one of the things that I look at closely is the area of environmental compliance.

So, Orovalle process plant is a zero discharge facility which means that no process water is discharged to the environment and all process water is recycled from the TSF to the plant!

Hence, there is no crime and no discharges of selenium into the environment, and the accusations of these petty bureaucrats are BS--pure and simple.  That should be Orvana's stance.

If you want additional details, please review Section 20 of the most recent technical report.
On the effect on Orvana's stock price, IMHO, it is already priced in the current stock price.

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