Drilling is all finished in WA. Just awaiting assays.
Amok,
whilst the mill has a replacement value of $15m it's value as a stranded asset would be negligible if there is not an economic mine nearby. As second hand kit to be relocated you'd be lucky to get $1m IMO.
Sydney,
I hope they get that much development done. Remember that c. $1.3m cash is unavailable to ORS as it is held in reclaimation bonds. The free cash flow for operations is c. $1m of which a few hundred grand will already be spent.
Cheers
John
ORS Price at posting:
3.0¢ Sentiment: None Disclosure: Held
