RE:RE:Why ORX is an easy buy right nowYou're right! No one really cares about gold or gold stocks right now. But identifying good opportunities before everyone else is what investing is all about.
My analysis is all about true value and nothing to do with speculation of what the gold price is doing or the drilling results. Obviously ORX's value is not independent of either of these things, but not very long ago, with the same results out and similar gold price, we attributed a lot more value to this company's business. At $0.08, the max downside is 36% in the absence of drill results. It's not very far fetched to think we could go back to the $0.125-0.15/share range with no news, we were there less than 2 months ago. That makes the upside 56%-88%.
The risk/reward ratio is very favourable at these price levels. Gold moving to 2500 would be great but is not necessary for this to be a good investment