Gold making another new high tonight $1094 & more then likely much higher highs to come.
ORP could not be better positioned to significantly rerate over coming months, a run down for those that have not caught on yet:
*Advanced Indonesian Gold Proejct
*Current resource 1.01mil oz, that will only grow substantialy as drilling continues
*4 drill rigs to be on site by december, 2 rigs already on site, which will see ORP aggresively drill around current resource & new targets
*Gold Results to flow more often as aggresive drilling takes place
*Producing cost US$442oz vs US$1090oz current gold price
*Development Cost $40mil - $60mil " MAC have indicated to the Board they have the capacity to fund Pungkut all the way through to production, should final project economics merit a development decision."
*Oropa only scrathing the surface with current drilling as numerous untested targets outside the current resource are yet to be drilled
*OROPA to change name to "SIHAYO GOLD LIMITED"
*New investors taking a position at .04/.05/.06, new director Paul Willis with extensive experience in South East Asia taking a position on the board
*Directors all holding significant amount of shares
*Cash in bank roughly $7mil if funding package is approved & options converted, market cap roughly $35mil at current share price price
*OROPA share price showing signs of the market warming to the story with a peak of .105 mid october followed by light volume sell down to .06 & current price .075
*Roadshows to take place
*Martabe 65km from Oropa in Indonesia
*GOLD companies are the market focus now as gold has broken $1000 & continues to make new highs
Sum it up we have a advanced GOLD exploration company transforming into a future low cost gold producer, with cash in bank & serious investors on board, oropa is positioned to beocome recognised as gold continues higher.
First Price Target is .20 - .50, based on current gold price, oropas gold resource & future resource upgrades, producing potential, gold price heading alot higher.
To me its simply a stand out spec buy in what looks to be a GOLD BOOM market, current price provides a cheap entry before oropa attemtps to move higher & retest october highs
Always DYOR...
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- time to get serious about this gold company
Gold making another new high tonight $1094 & more then likely...
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