Well of course it would be nice if grades were better, but the company states it learnt a lot about the veins.
Gold of course is not magnetic, but when associated with different ores gives the different DHEM results. Hence the need to drill to zero in on the target, which can prove illusive.
By the way Locantro Capital remains one of the top 20 shareholders. Another RMS, IGR or NST would be nice. Patersons issued the sell but no explanation given. Perhaps the strategy is to take a 2/5 loss and go elsewhere but that could be short-sighted. RMS, IGR and NST languished for a long time so ORS is a medium term investment. ORS just needs to ensure cash flow from Maldon finances things in the interim. Plan ahead and when production improves Burns will be further drilled.
ORS Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
