RT.It’s all good to have the in ground reserves, the one that...

RT.

It’s all good to have the in ground reserves, the one that matters the most is the 1.0 million ounce of gold. With gold at 900+ that means ORP has been priced at $11 per ounce in ground value. That is obscene, should ORP be rerated even at $100 in ground per ounce, which would value the company at $110 million dollars, which is equal to 60 cent per share.
Am I correct to use the $100 in ground value?
Should that be $200 or $300 what is a fair value?

Not including what other tenements and resources ORP may have, not including any future increases to the gold reserve. (And the potentials could be millions of ounces more) Not including price of gold going up to the fair value of $1450.
Not including US or Israel attacking Iran, you can be sure gold would be pushing $3000 mark should the war brake out.

Just some points about the potentials of ORP. My target is well over $1-$2

Come 2009 once the bank feasibility is performed and ORP become a producer or gets taken over which ever comes first, we should see a major rerating of this share price.
I am very happy to hold this stock in this climate, and as long as there are talks about war in Middle East stocks like ORP are the stocks to hold.