The price of gold hit US$1,345 to-day and is an improvement of A$105 per ounce from the 2014 low. At an annualised output rate of 35,000 ounces per annum from Union adds A$3.7 million to cash-flow.
At $0.058 stochastics are indicating a very oversold share price. ORS has formed a 5 month basing pattern that extends from $0.048 to $0.073 and projects to over $0.098 once $0.073 is cleared. ORS has been under a mildly positive accumulation during the basing phase. Good luck to all longs.
ORS Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
