Turning the corner ??? Larry, I think it all boils down to what happens in the near future where ORV has the wind behind them and no excuses left .
Your favorite CEO has managed to keep things alive and well with no dilution to sharholders.
If they have increased production while increasing grades and recoverys in Q3, then the coming financial should be a good comp to the recent past quarters. That increasing value to the shareholders should reflect in the share price. Cash flow numbers will be huge relative to market cap and we can get back closer to a fair valuation..
last 4 years have been tough. Covid shut down, high energy costs, trucker shutdowns, employee strikes, record low metals market and sentiment.
My therory is that all this hurt their ability to get all the financing they needed for the OSP.
This new cash flow should help get them over the goal line for financing the OSP.and they've probably been moving forward and spending there now.
One thing for sure. Its going to throw huge CF relative to Market cap.
They also created a huge value in getting Taugas through resource and PEA. This going to be the future for Orvana.
All this seems easy to reach and would give the market some badly needed confidance in management .
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