We should have a steady influx of new posters, preaching about this hidden gem of a share, the sp will increase prior to the results, which the bod will comment of how surprised and please they are with they announce them, the sp will be walked even higher ( given those that took part in the placing a healthy return on their investment )....then back down we'll go.
RE: Ortac Resources: Hidden Gem
Ortac Resources: Hidden Gem by chaotic_calmness ------------- Current Price: 0.25p Target Price: 3.30p ------------- Investment Rationale: 1. Sturec Deposit (Slovakia) - 100% owned by Ortac Resources - The Šturec Deposit is based in Slovakia and has a JORC Code compliant ore reserve of 1.32 million ounces of gold equivalent, with over 1 Moz in the Measured and Indicated categories. - An SRK Pre-Feasibility Study estimates 873koz Au equivalent of metal in Proven and Probable Ore Reserves with an anticipated annualised production rate of over 70,000 Au oz eq. and cash costs of less than $600 per ounce. - Potential for surface and underground operations undertaken in a way that respects the environment and local communities interests. - Trial mining application approved. 2. Andiamo Exploration Stake - Strategic alliance spreads invesment risk. - 25% holding (conditional agreement); option to acquire further 21%. - Favorable geography - located about 50 kilometres south west of the Bisha mine (which has 720,000 ounces indicated and 111,000 ounces infered gold reserves) - Recent drilling and trenching programme confirms near surface high-grade oxide copper and gold mineralisation presence at the Yacob Dewar deposit - Results from drilling and trenching at the Ber Gebey prospect, located 3.5km north east and directly along strike from Yacob Dewar, also indicate the discovery of a new gold and silver bearing mineral deposit. - Ortac is on course to complete the technical work required for Andiamo exploration to submit an application for a mining license. 3. Discount Cashflow Projection - Sturec Project Mid range open pit option (75,000 oz gold equivalent/year, 8% discount rate, 19% corporate tax) - Gold price: $1,200/oz - Discounted Present Value of Mine: $132.60 million / £84.7 Million - Per Share Value: £3.30 pence Cashflow projection on 75,000 ounce annual production at various gold price: - 75,000 ounce of gold at $1200 per ounce = $90,000,000 per year / £53,000,000 per year - 75,000 ounce of gold at $1250 per ounce = $93,750,000 per year / £55,237,000 per year - 75,000 ounce of gold at $1300 per ounce = $97,500,000 per year / £57,455,000 per year - 75,000 ounce of gold at $1350 per ounce = $101,250,000 per year / £59,650,000 per year Ortac Resources would need around US$150 million to build the Kremnica mine. But given the cash cost of around $600 per ounce to extract the gold, Kremnica project has a potential to deliver $60 million a year at $1200 per ounce selling price and $85 million a year at $1500 per ounce selling price. (So the payback time for the borrowing would be in the range of 2.5-4 years) ------------- Value Catylst for Ortac Resources: 1. Ortac Resources - trial mining ore grades 2. Ortac Resources - defintive feasibility Study 3. Ortac Resources - full mining license 4. Andiamo Exploration - JORC resource 5. Andiamo Exploration - AIM
Ortac Resources: Hidden Gem
Ortac Resources: Hidden Gem by chaotic_calmness Ortac Resources may currently be one of the most undervalued exploration stage gold mining stock in Alternative Investment Market (AIM). ------------- Current Price: 0.25p Target Price: 3.30p ------------- Company Background: Ortac Resources is focused on financing and developing projects in the natural resource sector in Europe and Africa. Ortac has a highly experienced board & management team with a combined experience of 50+ years in mining and natural resources financing. ------------- Share Structure of Ortac Resources: Shares in Issue: 2,515,679,020 Option Shares to Current Directors: 103,500,000 Option Shares to Non Directors: 175,800,000 Investor Warrants - 36,500,000 Market Capitalisaton: £6.29 million ------------- Trading Range History of Ortac Resources: 2010 - £0.75p - £2.45 pence 2011 - £0.72p - £3.30 pence 2012 - £0.42p - £1.25 pence 2013 - £0.19p - £0.70 pence 2014 - £0.18p - £0.35 pence ------------- Ortac Resources Significant Shareholders (As of Feb 2014): Anthony Balme - 172,373,463 - 6.85 % Peel Hunt LLP - 100,967,096 - 4.01 % ------------- Ortac Resources Director Deals (2011 - 2014) Brief Trade Summary of Ortac Resources Directors 2014 - 14,141,963 shares purchased by directors so far in 2014. 2013 - 12,044,017 shares purchased by directors. 2012 - 4,000,000 shares purchased by directors. ----- Detailed Trade Summary of Ortac Resources Directors: 28-Feb-14: Notification of Holding Trade: Paul David Heber: 5,000,000 27-Feb-14: Sell: Vassilios Carellas - 4,650,788 @ £0.25 27-Feb-14: Buy: Vassilios Carellas - 4,579,523 @ £0.25 11-Feb-14: Buy: Anthony Balme - 2,000,000 @ £0.24 28-Jan-14: Sell: Vassilios Carellas - 4,600,000 @ £0.25 28-Jan-14: Buy: Vassilios Carellas - 4,562,440 @ £0.25 23-Jan-14: Buy: Anthony Balme - 3,000,000 @ £0.26 16-May-13: Buy: Vassilios Carellas - 2,644,017 @ £0.25 09-May-13: Buy: Anthony Balme -2,000,000 @ £0.21 09-May-13: Buy: Charlie Wood 2,000,000 @ £0.24 09-May-13: Buy: Anthony Balme - 1,000,000 @ £0.24 08-May-13: Buy: Paul Heber - 2,400,000 @ £0.21 17-Apr-13: Buy: Anthony Balme 2.70 - 2,000,000 19-Sep-12: Notification of Holding Trade: Anthony Balme - 163,373,463 23-Aug-12: Buy: Anthony Balme - 4,000,000 @ £0.50 19-Aug-11: Buy: Anthony Balme - 2,000,000 @ £0.92 ------------- Total Shares held by Ortac Resources Directors: 1. Anthony Balme: i. 172,373,463 in shares + 26,000,000 in options 2. Vassillos Carellas: 33,355,983 in shares + 45,000,000 in options 3. Paul Heber: 2,600,000 in shares + 15,000,000 in options 4. David Paxton: 29,022,220 in shares + 17,500,000 in options -------------
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.