Post by
checkmate28 on Jan 18, 2022 11:20am
Reformatted Production Results Post
Juan Gavidia, CEO of Orvana stated: "We are encouraged by the most recent intercepts in the west zone of Ortosa-Godn, which confirm the presence of a mineralized structure in an area previously undrilled. The Company has made a strong commitment to organic growth in Orovalle through brownfield and greenfield exploration, and results such as the ones released today continue to demonstrate that this investment is paying off with the potential to further grow our mineral resources".
Most notably, I like the commitment to growth through the drill bit. Orvanna drilled 29000 meters last year and increased the resource tonnage company wide over 200%. Now their calling for more resource growth for 2022. That's a lot of drilling for a $45m market cap company and the share price has nothing to show for all this.
A Larger resource produces longer mine life and eventually greater production. With the increased resource and the OSP heap leach project , they're setting everything up to produce more future cash flow. Future cash flow that will push the development of Taguas and land the company in solid mid tier status.
Best part is, they keep doing all this with no dilution and solid loans!
The ORV value proposition keeps getting better and better for those who are patient. Looking forward to updates on more drill results, Taguas, OSP and the Tailing project
Last post from the phone jumbped the formatting but cheers to Orvana
Comment by
jrj90620 on Feb 20, 2022 5:51pm
"The ORV value proposition keeps getting better and better for those who are patient." The fact that most investors are actually short term speculators is why so many are long term losers.By going long term,you are contrarian today and will do well.