RE:RE:RE:RE:RE:RE:RE:RE:Orvana undervalued Nergy, we are on the same board. Here is a good example of similar development of a great, underfollowed miner with a majority owner. La Mancha Resources was a juniour miner owned bY French state conglomerate Areva in operations in late 1990s early 2000s. LMA owns and operated in mine in Down Under and massive VSM project in Sudan. At one point around 2004 LMA's MC was a profitable gold miner with sub $20 mm Cad, trading at $.06 Cad and no debt. Similar to Orv and ignoring the market LMA was rebuilding its mine Down Under and developing its Sudanese VHS project. Then the next gold cycle kicked in around 2007 and the market suddenly "discovered" this jewel. As for the price, it spiked 350 folds from its 2004 lows and Areva sold it to the richest Egyptian, forgot his name, who turned the company private.
I see a lot of similarities between owning LMA and owning Orv. Orv reminds me of LMA when the latter was totatly ignored while it was developing its pipelines. I suspect that 2002 may see some correction in the commodities,a reversion to the means, so to speak, but gold and copper will be major beneficiaries in the next commodity cycle run.