I had taken the view that if traders essentially control the spot price in u atm, and there was expected to be lift-off in u spot after s232, u would only have one way to go… down. We know contracts have been written in the $40’s ie BKY for offtake. (AEE also wrote some, forget how much but much higher than spot.)

So I sold my holdings post 232 (I am on asx only, had no USA asx stocks), and am now repositioning.

Gold – I presently own only one co. , ORR.asx in Tanzania. The govt has elections every five years due in 2021. They need to wrap up their mining laws before then one would think. Stalemate in the country at present.

(AISC) of US$838/oz

88% of the MRE is in the Measured and Indicated categories.

PFS has been based on a US$1,250/oz gold price

(LOM) average gold production of 213koz per annum over 12 years

MC AUD$53m / that’s US$37m, expect about 16% govt free carry.

Waiting on approval from govt for buyout of acacia’s share.

If things get sorted out, how much would this be worth ?

Not advice DYOR

https://www.orecorp.com.au/

 

Appreciate all the posts everyone.