RE:RE:RE:RE:Copper prices climb to 2024 high as Citi calls the start of oh checkmate, dejavu all over again???
Lets look at where we were 5 years ago:
1) Production was 100,000 oz Au a year plus cu and ag,
2) OSP was ready to go!!!!!!
3) Los Tajos was going to be used to bridge production to ramp up of OSP
4) Nice PEA was out on Taugus
5) gold was 1300 and copper as below $3!
6) AISC was a little over $1,000/oz
7) ORV claimed they were on way from being a 100,000 oz a year producer to 200,000!!!!!
Well, what does the report card look like?
1) 41,000 of production.......down close to 60%,
2) Almost ready to go!!!! just like 5 years ago,
3) Shut down after a couple of months wiith no real explanation,
4) New PEA came out with lower IRR and no increase in production,
5) Gold up 80% and copper up 50%,
6) Up 60% to 80% in costs,
7) 40,000 oz producer vs the projected 200,000
Oh, and the share price???? negative returnes...............
all imho!!!!!!!!!!!!!!!!!!!!!!!!!
checkmate28 wrote: Now if the powers that be at ORV would just give us a sign that they are moving in the right direction................
too much to ask????
Larry we may just be getting a Sign right now. If things were on the rocks, do we think we would be getting this interest in the shares? Probably not as those in the know would be selling instead.
On Feb 21 -23rd shares traded for .115 Those buyers are now up 100%
Looking forward to the production numbers and hopefully some new positive information on the direction and derisking of the OSP