total pungkut resources top 1 million ounces, page-5

Time to recrunch some rough numbers on ORP now that we have the resource upgrade of 1 mil oz!!!

Say 10 year mine life X 100,000oz pa

Gold price of $900oz & say it costs $400oz to produce (only a guess unsure how much more or less)

100,000oz pa X US$500oz after costs = US$50mil profit pa (give or take if my calculations are wrong)

So Possibility PROFIT $50mil per year X 10year mine life = US$500mil take out 25% as ORP holds 75% that would be US$375mil

This is not factoring in future upgrades, future gold price, just what they have now.


ORP

Maket Cap - $14.5mil

Share Prie .08

Shares on Issue - 179mil

Project - Gold ADVANCED - Indonesia

Gold Price - $930

Neighbours - OXR HER

Significantly undervalued against other gold players

SPEC BUY

Target: .20 - .50

DYOR!