What is fair value? The market will decide that when oropa share price eventualy starts it move forward
Once gold is above $1000 I think we will see spec stocks make there move forward & oropa is in a excellent position to be noticed, a positive result from the scopying study should be able to ignite a serious rerating which oropa has failed to achieve after numerous positive announcements
Something will set oropa off soon whether its: gold surging to $1000+, more positive drilling results, positive scopying study results, positive results from malawi, advanced coal aquisition that oropa are aggresively pursuing etc...
To many positives oropa can run on & currently is not
I take it one step at a time first target being .20 - .50 which we should be ranging already, once achieved move target to .50 - $1, obviously these targets need positive results to be achieved such as scopying study/strong gold price/ coal aquisition etc...
All about being in the right place at the right time, oropa has the gold & a move into coal (which looks it may get as hot as iron ore) will trigger new interest from the market as we have seen recently many coal stocks significantly rerating.
Oropa also needs a broker/insto to start moving there stock forward, this is why we are undervalued as we dont have on market support by a lead broker/insto rerating oropa after positive announcements are made, oropa are looking to attract some reputable brokers/instos into the story as we are advancing closer to a possible producer.
Theres to many reasons to be holding rather then selling even in this rough market, our patience will pay off, only question is what will triger the move forward... :)
5 Year Gold Price:
5 Year Oropa Chart Has It Priced In The Gold Price? NO!
First big break on the chart will be breaking long term resistance at 7.5 to .10, once achieved should be the start of a significant move higher.
DYOR...
ORP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held