Hi guys I am new here but have been holding some time now . Please correct me if I am wrong but if u check back on ore media there was talk of a maiden resource at musk by end of 2014 , is this now odd the radar ?
ORE had about Â£1.2m in the bank at the end of 2013. Most of this is still intact. The Company believes they can fund the proposed Spring programme at Mutsk from current resources. There is no plan for further fundraising right now, however they will continue to keep the situation under review subject to programme results and the strength of the markets.
The new discovery of much wider zones of lower grade mineralisation at Mutsk opens up the potential for a considerably larger target there. If a larger target is outlined, then more drilling and time will be required to define a resource, with the potential reward of a larger resource - this will be kept under review as work progress through the Spring/Summer. Orogen will issue further RNS's as results come through.
Just a few questions I wondered if you could help me out with.
I understand that there was Â£5m financed back in 2012 , are we going to fund the spring drilling program with this? Or has this been used? Just trying to work out whether the funds will be raised by further dilution?
When can we expect a update from JORC - is this still on the timeline and can we expect a RNS about this?
Do you no if Ed may release a RNS/news with the company's plans and timelines to put myself and other investors minds at rest?
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