re: Ann: High-Grade Gold at Frenchman's R...
Since ORS in between exploration and producing gold, I don't see many notices that can be such rally driven events. I am sure if they are 'astute' they would hold back until next FY as we don't want to 'waste' such opportunities for a quick exits by the supply.
The risk remains from what Tetlom intimated and that is we don't know what the ultimate cost of gold production in this climate of falling gold price. Nuggety gold even though open pit giving a lower cost impression presents its own risk as they will only have a good idea when they have plonk cash from digging.
I am more interested in Burns project being the company maker. I am not a geo but the grades from the drill results so far are uninspiring imo. Maldon if proven to be profitable will be a stop gap measure from capital raising so in the long run will hopefully reward the LT holders.
ORS Price at posting:
10.3¢ Sentiment: None Disclosure: Not Held
