Unfortunate to see some SPP recipients load the sells with glee at any upward movement, I think they're going to miss out on the immense potential. Just do a comparison with peers, Ora Gold is one of the most undervalued gold explorers on the market -- let alone near term producers.
Per the 2019 scoping study for Crown Prince
Amend the Gold Price from $2,000/ounce to $2,500/ounce and we're looking at $33,531,000. We have a hungry mill 30 minutes away waiting for ore.
Don't forget we also have the mining license for Lydia pending approval. Once we have the results of the latest infill drilling, it will provide a better picture of the scope of what we have, ounce wise.
In addition to the near term producing opportunity, as @Ty Cat Mac stated, we have excellent ground with enormous exploration potential. The receipts of toll treatment will go towards ramping up exploration with no further dilution.
I can certainly understand why some SPP recipients just want to cash out with a profit, however, for me personally -- I see lots of upside in the near term with a strong gold price. There are explorers on the market now with 40m+ market caps that hey have found --- nothing.
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