when can we expect news?, page-4

For those who didn't make it to the ORN AGM.

Tubal Cain & Eureka are destined to be a supplementary source of ore so they are going to keep drilling in the hope of finding the good stuff near the surface in and around Cohens.

They know there are large unmined areas within Cohens and that there is rich ore about a kilometre down. They would have to pump out the water to gain access to the deep shafts.

ORN controls the leases for a large area of historically rich ground but doesn't have the capital to do everything it would like to do on its own. In my view, a joint venture may be the way to go with the northern leases while ORN continues to focus its resources on Cohens.

I note that MCO has just announced a joint venture with some asian group to develop Loch Fyne & All Nations.