re: Ann: High-Grade Gold at Frenchman's R...
BA - your negative attitude towards micro caps is understandable, has been a bloodbath last few years.
ORS MC below 13m would have been unbelievable a few years ago - for a producer that has been self funded from some damn good deal making along with consistently attaining targets.
ORS - have yet to prove their deposits can be profitable and Lower POG - granted there is risk here, but, I think you sound confused - this is no junior explorer in West Africa with a record of printing shares and handing out director options.
Seed investors in this would for sure be disappointed over the last years, but not through the company missing any opportunities or targets. My guess is that most would hold on, after coming so far. They will probably sell into rallies to reduce exposure, but that all depends on POG and ORS time frame and ability to get the high grades through the mill - the grades are there as is the mill, as is the skill.
At 6c the MC would be, what 6m AUD? - for a producer with multiple ore sources and centralised mil - stranger things have happened, but I would not bet on it.
ORS Price at posting:
10.3¢ Sentiment: Hold Disclosure: Held
