Orvana Minerals Corp T.ORV

Alternate Symbol(s): ORVMF

Metals & Mining Gold

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.

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Orvana Minerals Corp > Upside breakout

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Comment by ganndolph1on Mar 06, 2022 2:29pm

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Post# 34488240

RE:Upside breakout

Beluga2020,

Greg Schnell, Canadian market technician over at stockcharts.com wrote the following on a recent article.

"Three charts that are on my must watch list are the charts of Copper, Oil and Gold. Notice the similarities of the Copper pattern so far to the historical pattern in 2005. The prior weekly closing high in 2011 was $4.58. In 2021, we tried to break and hold above that level but retreated. This week, another sudden surge looks ready to smelt some copper at an all-time high. The previous pattern saw copper triple as it broke out and surged for a year. If that happens again, Copper would be $14. My suggestion is that even $7 would be a remarkable surge. Stay tuned, as we are literally right there right now."

I think that copper closed a few pennies shy of $5 USD per pound on Friday. At $5 USD copper and the current gold price of $1950 USD, my model of Orovalle projects $4.3 million USD in profit and EPS of 3.2 cents per share.

If copper were to increase to $7 USD per pound, with no change in the current gold price, then Orvana would make $10.5 million USD in profit and earn 7.7 cents per share.

If gold were to go to $2500 USD per ounce with that same copper price, add 5 cents per share to that quarterly profit estimate.

All that is with the same production level as last calendar quarter.

Here is the link to Greg Schnell's article:

Copper, Gold, and Oil

ganndolph

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