so what do we have here

Time for a run down as the market takes a beating:

Rundown:

*Gold Price $944

*Oropa has 1.01mil oz Gold Inferred at Pungkut Indonesia

*Top20 holds 69.46% of OROPA

*Scopying study underway results likely around August

*Gold drilling results released as they are received

*BFS to commence early 2009

*OXR & ATM have announced today they will partner up to
examining opportunities and form joint ventures or other cooperative ventures for the exploration, development and operation of precious or base metal or bulk commodity projects within Indonesia.

OROPA is very well positioned be targeted as ORP is advancing well to become a producer & being 65km from OXR & ATM holds a 25% stake in OROPAs Pungkut project already, one would thing they would be watching oropa closely.

*Recent placement looks as it went to SINON HONG KONG Ltd as they are now in the top20, one of "Hong Kong’s biggest commodity traders", they are also backing Mt Gibson (MGX) Aztec Resources & others, for a institution like this to come onto OROPAs register at this stage is very significant, seems the right players are now taking a position.

*Oropa holds some very attractive leases in Malawi with two of those leases looking very well positiond one 20km from PDN & another next door to GBE (read annnouncements for further details), more exploration looking to take place in Malawi this year.

*Oropa is aggresively pursuing advanced Coal projects in Indonesia for early development.

*Market Cap $11mil - 184mil Shares on Issue

*Cash under $1mil

*ORP Undervalued compared to other advanced explorers


Market is very rough atm so not a stock for everyone, but imo oropa is well positioned by the above info & trading significantly under value even in this market, probaly see oropa range trade between .04-.06 on thin volume through this choppy market, personally im very happy to hold with the view of a significant rerating to come, sonom on the register is a very big plus imo & would not be surprised to see them buy stock on market as news flows, also todays news with oxr & atm partering up really puts oropa in the spotlight.

Patience needed

Always dyor!