No I didnt have a chance Macik. Like all my investments - even those which I have exited - I like to track. Its a validation exercise.
When you think carefully about all the alternate paths, its not a pretty picture. I wont go on about this but while the FX rate is supporting a high commodity price (this in itself is a risk), ORD needs to find the capital for year 1 mine development. The margins are now huge based on C3 (all-in-cost) of $1030. Thats a margin of $500/oz (50%). They need $6.9 for year 1, and they've got to get it soon while the $A is low. However, all thoughts end to zero when you think about the fact they only have two years of ore and its all resources in M&I. No one will support mining on resources in these classes. Usually you need a reserve.
VAN Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
