ORN 11.8% 1.5¢ orion minerals ltd

chalk it down for next week, page-3

  1. 2,352 Posts.
    lightbulb Created with Sketch. 29
    Hey Sandybeaches,
    The drilling report this morning is great news.We could easily see your 10 cents sp by next week when people understand what the announcement means.
    My take on it is that they are on their way to proving a resource of 3.0 million tonnes.Historical mining ngrades in this geology was 1 oz per tonne.
    Lets assume the assays for this hole is only .5 oz /tonne.
    The gold resource for this target alone could be up to 1.5 million ozs.
    What a great Xmas present ORN might be.
    DYOR .Do the sums on the announcement. Let me know if yuo disagree.I am just an engineer who can calculate volumes.
 
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