RE:RE:RE:RE:RE:Copper Rev vs Market cap Thales42,
My post on MND was not meant to be an editorial. The point that I was making is that things are often not as they seem. For example, you may be surprised to learn that Mandalay just reported a consolidated net income of $25.5 million USD for Q1 2021. That is US 28 cents per share or 35 cents per share Canadian. Their gold hedge netted them a profit of $20 million USD on top of the $5 million USD that the company made. At this rate, MND will have $1 USD per share in profit for the year, and the PE 10 price would be $10 USD.
With respect to Orvana, have you wondered why the OSP is not yet in production?
Or wondered why spectacular drilling results are reported as a 13 page add on to the quarterly financial news release?
Or wondered why Orvana would sit on almost 7000 ounces of gold and 800,000 pounds of copper, so that they could report a break even quarter for fiscal Q2 2021?
Or wondered why, all of a sudden, there is exploration drilling everwhere and a 43-101 update on Taguas in Argentina coming next quarter?
Now ask yourself if your perception about Orvana is similar to your perception about MND?