Bonanza Exploration Results worth $15.45 USD/share all,
Orvana's current mine life based on the NI 43-101 report dated November 30, 2020 calls for production through FY 2025. However, with the release of the latest drilling data through the end of fiscal Q3 2021, that number has conservatively been extended to 2032 with the addition of 4 million metric tons of ore grading 7.76 g/t gold, 12.6 g/t silver, and 0.59 percent copper for an added 1,008,792 ounces of gold, 1,644,000 ounces of silver, and 52.15 million pounds of copper.
I get this result by multiplying the strike length of each deposit times the cross section width times the average thickness of all economic drilling intercepts based on a gold equivalent cut off grade of 2.52 g/t Au Eq. This estimate of is a conservative number for two reasons.
First, I used a specific gravity of2.25 assuming all ore is oxide ore.
Second, I assume that each mineralized intercept counts as an independent measure of cross section thickness, and some drill holes have multiple economic intercepts which should be added together as these cross sections are adjacent in some instances and represent multiple ore veins in other cases.
On April 19, 2021, I posted my estimate of the new exploration results in post 33020295. So, by adding the BX and adding HAE High Grade and HAE updated to reflect the published cross sections per the July 14, 2021 exploration results, my conclusion is that
Orvana's recent bonanza drilling results at Orovalle in Spain are worth 15.45 USD in value per share of stock at current metal prices.
With Orvana Minerals trading at 0.40 Canadian dollars per share, the severity of this stock's undervaluation relative to fair market valuation should be clear to anyone contemplating a purchase of this highly undervalued equity!
| AREA | TONNES | AU | AG | CU | Gold | Silver | Copper |
| | t | g/t | g/t | % | ounces | ounces | lb |
| HAE | 1,759,939 | 4.648 | 5.764 | 0.195 | 263,014 | 326,211 | 7,562,419 |
| HAE High Grade | 233,269 | 27.891 | 30.358 | 1.707 | 209,199 | 227,702 | 8,773,798 |
| BX | 948,629 | 10.926 | 14.411 | 0.594 | 333,270 | 439,578 | 12,410,615 |
| SB | 646752.7 | 4.176 | 26.535 | 1.120 | 86,846 | 551,820 | 15,958,332 |
| S107 | 175675.5 | 7.740 | 15.869 | 1.778 | 43,722 | 89,640 | 6,883,017 |
| A208 | 275913.4 | 8.199 | 1.068 | 0.093 | 72,741 | 9,475 | 566,317 |
| | | | | | | | |
| Total | 4,040,179 | 7.765 | 12.658 | 0.586 | 1,008,792 | 1,644,426 | 52,154,497 |
| | 710000 | | | Metal Price | 1820 | 26 | 4.42 |
| | 5.690393 | | | | $1,836,001,678 | $42,755,072 | $230,522,876 |
| | | | | | | | |
| | | | Total metal value | $2,109,279,625 | | |
| | | | Orvana Float | 136,500,000 | | |
| | | | In situ value/share | $15.45 | | |
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