Hi thejase128,
Please read ORP's announcement as at 14/03/2008 in answer to your question:- "by looking at the interm report this company doesnt have much cash left to fiance its reports//"
ASX ANNOUNCEMENT
14 March 2008- OROPA RAISES ADDITIONAL FUNDS TO ADVANCE INTERNATIONAL GOLD PROJECT
HIGHLIGHTS- • A $533,900 share placement completed, $500,000 of which is to an existing long standing investor.
- • Funds will be specifically used to finalise updated resource calculations incorporating new drilling data and to underpin an initial exploration program targeting a potentially large epithermal system at Hutabargot Julu.
- • Updated resource calculation expected by the end of March – excellent potential to increase existing Inferred Resources totalling 710,000oz.
- • More sampling and drilling results from Hutabargot Julu expected in late March, early April.
- • Recent gold price increases together with the potential for additional resource ounces have significantly improved the project economics in the opinion of directors. On that basis, the company will pursue a Scoping Study to explore the economics of mining.
- • These exciting new developments will focus on delivering value to shareholders.
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Hi thejase128,Please read ORP's announcement as at 14/03/2008 in...
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