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Bullboard - Stock Discussion Forum 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... see more

TSX:ORE - Post Discussion

Orezone Gold Corp > doubling the amount of gold reserves
View:
Post by mrsly0 on Jun 09, 2021 8:36am

doubling the amount of gold reserves

their work is aiming toward this....
good luck
Comment by mercedesman on Jun 09, 2021 4:29pm
The nice thing is that when you double the amount of gold reserves, you MORE THAN double the SP, since last I checked, you don't have to double the fixed cost buildout, equipment, nor double G&A costs, etc. Oh and higher grades just lowers the AISC and raises profits. glta MM
Comment by mrsly0 on Jun 10, 2021 7:28am
and with a gold price much higher than $1400 you can expect a nice multiplication factor...  you won't see a takeover of orezone below $3.00 anymore... and expect this takeover price to get higher depending of the amount of additional gold found. Remember p17 is not the only zone with additional gold... to be added to the existing confirmed reserves. good luck
Comment by Curbside100 on Jun 10, 2021 11:00am
I agree 300% not sure P17 is relative to the villages but there ia large areas not drilled yet where the villages were 
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