Seems to me that a good average benchmark for a "producing" gold...

Seems to me that a good average benchmark for a "producing" gold company is approx $150 per Oz of resource, or higher.

This would value ORP and their 1 million oz's at $150M. Bear in mind that ORP are not producing yet so you would have to allow say $60M for mine / plant development (see costs projected by SGX at White Mountain in China for similar size).

Current ORP market cap $13M, add $60M for development = $73M. So on my calcs, ORP is trading at <50% intrinsic value, and this is just on the stated gold reserves, and does not factor any of their other activities, including this vein structure they're investigating at the same place.

Buy and hold for the upside.