ORN 6.67% 1.6¢ orion minerals ltd

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  1. 2,352 Posts.
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    wheels40,
    Just a bit of publicity lately in some mining journals is s6tsrting to get investors interset.
    The Cohen's reef was one of the richest ever mined in Victoria at better than 30 g/t.
    They stopped mining (by hand) in 1914 in that rich grade and no modern techniques have been applied to the orebody since then.
    The mine is 1 km deep and drilling will come up with some very rich grades IMO.They were mining 30 gpt in 1914 when mining stopped.
    I believe drilling will happen in end of October if you read the last announcement re their program of work.
    I think the 15 cent mark is a bit high but some 30 gpt results early in the drilling program could light a fire under this one.
    I know of nothing else that would be driving the share price other than the above and the POG.
 
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