Bullboard - Stock Discussion Forum Orea Mining Corp OREAF

Metals & Mining Gold

Orea Mining Corp. is a Canada-based gold exploration and development company. The Company’s principal business activities are the acquisition, exploration and development of resource properties. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project. The Montagne d’Or project is situated in western French Guiana and is comprised of over two... see more

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Orea Mining Corp > Bought More Yesterday

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Post by tdsb on Sep 01, 2022 5:47am

Bought More Yesterday

Last year at this time I bought some Orea when it was around 16 cents sold out at 27.5 cents for a nice profit, now Orea is worth a lot more. After that fantastic news release yesterday it is selling for one third of my last selling price. I added a new tranche when Orea was selling for 6 cents a few months ago and purchased some more early yesterday. This has got to be the weirdest stock on The TSX Exchange (note this is not a venture stock) but it is now a lot less risky than it had been. For a deposit of 5 million ounces that is open pittable, and potential for more reserves, with a market cap of 21 million, as a spec play it doesn't get better. I enjoy just following this story with it's twists and turns and somehow,someday they will get the necessary permits, it is just too much blue sky potential to sit there and be ignored, especially in a world of debt and money printing that is creating double digit inflation. Gold mining stocks will be re-rated in the near future. The drill or the truth machine has told it's story, time to sit back and see where we will be in the very near future. As always DYODD! CHEERS!

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