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Orezone Gold Corp T.ORE

Alternate Symbol(s):  ORZCF

Orezone Gold Corporation is a Canada-based West African gold producer engaged in mining, developing, and exploring its flagship Bombore Gold Mine (90%-owned) in Burkina Faso. The Bombore mine is an open pit gold. The Bombore mine is focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Bombore is situated 85 kilometers (kms) east of the capital city of Ouagadougou and is readily accessed by paved international highway thereby offering excellent infrastructure and simple logistics.


TSX:ORE - Post by User

Post by drunk@noonon Jul 15, 2023 2:50pm
229 Views
Post# 35542731

SP Weakness could be orezone making an aqusition

SP Weakness could be orezone making an aqusitionas alluded to in a northern miner article. I am not saying this is happening, I haven't a clue, but it was mention. This would of course be a B-dead move, especially if they used shares as currency for such a thing. But you know my opinion on management. This would explain the weakness. If for once the toad left well enough alone, financed the expansion with debt, which is a slam dunk given the payback period and short build time on a 280,000 annual oz operation with sub 1000 dollar all in cost.  AND IIF HE DOESNT MAKE AN AQUISUTION or combine with some other outfitt in an all stock merger--- if gold stays around the 2000 dollar level, the NAV on such a project with a 15 year plus mine life would be an easy double. BUT if anyolne can once again snatch defeat from the jaws of victory as was the case with the first phase of the project--this management can. 
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