Time to recrunch some rough numbers on ORP now that we have the resource upgrade of 1 mil oz!!!
Say 10 year mine life X 100,000oz pa
Gold price of $900oz & say it costs $400oz to produce (only a guess unsure how much more or less)
100,000oz pa X US$500oz after costs = US$50mil profit pa (give or take if my calculations are wrong)
So Possibility PROFIT $50mil per year X 10year mine life = US$500mil take out 25% as ORP holds 75% that would be US$375mil
This is not factoring in future upgrades, future gold price, just what they have now.
ORP
Maket Cap - $14.5mil
Share Prie .08
Shares on Issue - 179mil
Project - Gold ADVANCED - Indonesia
Gold Price - $930
Neighbours - OXR HER
Significantly undervalued against other gold players
SPEC BUY
Target: .20 - .50
DYOR!
total pungkut resources top 1 million ounces, page-5
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