Time to crunch some rough numbers on ORP again as we get close to resource upgrade announcement which will be followed by commencement of Scopying Study, Im hopeing ORP will get to 900,000oz+ on the upgrade, so what could this be worth to ORP:
Say 10 year mine life X 90,000oz pa
Gold price of $900oz & say it costs $400oz to produce (only a guess unsure how much more or less)
90,000oz pa X US$500oz after costs = US$45mil profit pa (give or take if my calculations are wrong)
So Possibility PROFIT $45mil per year X 10year mine life = US$450mil take out 25% as ORP holds 75% that would be US$337mil
This is not factoring in future upgrades, future gold price, just what they possibly have now.
Imo I think ANTAM or OXIANA will take over OROPA once close to production:
ORP
Maket Cap - $11mil
Share Prie .064
Shares on Issue - 179mil
Project - Gold ADVANCED - Indonesia
Gold Price - $900
Neighbours - OXR HER
Significantly undervalued against other gold players
SPEC BUY
Target: .20 - .50
As you can see below OROPA has advanced there project significantly but has not factored any of the gold price rise:
DYOR!
ORP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
