Be careful of the historic grades, there was a filthy rich blanket of bonnza gold ore at Maldon which doesn't extend at depth ,the old timers took it and made a fortune
If they can mill 30,000 ounces pa at around $800 cost and gold is 2500 Then we are talkng $3 to $5 here. The secret is to keep the issued capital at 100million as these projections are extremely sensitive to shareholder dilution
they may need to do another small raising but I suspect it would via a rights issue
The wild card of course is exploration succes in WA
So many failures in Victoria, will ORS deliver?
ORS Price at posting:
16.5¢ Sentiment: None Disclosure: Held
