RT,
You asked
"If Martabe is being sold for $425mil Im not sure how you consider this bad for oropa lol"
Well my take on Martabe is that they have 6mil + ounce of gold proven up.
Now 425mil / 6mil = $70 per ounce of gold in ground.
Orp has 1 mil ounce @ $70 per ounce = $70 mil
70 mil / aprox 245,000,000 shares = .35 per share.
Now if the directors can or are able to achieve this result i guess we all would be kissing there a**.
Given that OZL has 6 times more gold, i can’t see ORP achieving the $70 per ounce result, it makes sense where there is more to process then the setup cost would be lower per ounce.
Where ORP only has 1 mil ounce there for the setup cost would be higher per ounce of gold, there for it may not attract as high price per ounce as OZL did. (don’t get me wrong i think OZL got ripped off but that’s a different story)
If we get $35 dollars per ounce in ground, it would mean a .16c per share not bad.
But with all the above numbers i would not hold my breath; i just don’t have any faith left in the current board members.
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RT,You asked"If Martabe is being sold for $425mil Im not sure...
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