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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

Comment by marketman67on Jul 26, 2024 11:17am
112 Views
Post# 36149854

RE:RE:RE:RE:30k drill program

RE:RE:RE:RE:30k drill programAnyone interested in the property already knows there is more at depth.  Adding to the resource or upgrading the reserve at this point would not do much for valuation in the mind of a potential purchaser but would increase of course the absolute valuation.  I would opt for greenfields exploration over improving the resource/reserve at depth if the idea is to increase market cap.  My guess is that the current program will do nothing to bump the share price.  Operationally of course it is important for planning to 'fill in the blanks'.  But it doesnt add to the value of the property to potential buyers.  They already have their models they are working with for Bombore. 
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