ORS performance from here in the ST will be based on their execution of the Malden mine plan. We haven't had an update for some time and I am looking forward to reading their progress in the upcoming Quarterly. POG trends and improving sectorial sentiment will add momentum if ORS can deliver operationally.
I am pleased that POG is trending up and now at the AUD $1,423 mark which is getting closer to the $1,500 which the Pearl Croydon estimates are based on. My thoughts are that Pearl Croydon was delayed due to the falling POG which in turn would have squeezed margins on that deposit. A wise move by management. No point depleting shareholders gold reserves for no profit. Hopefully once POG goes +$1,500 AUD (my assumption) we'll hear that Pearl Croydon is going to be mined.
Cheers
John
ORS Price at posting:
5.8¢ Sentiment: None Disclosure: Held
