As most of you investor know, producing gold copper etc take long time. But Ortac has a better position now then before which I believe 2015 will be a good year for Ortac. The only problem now is the gold price in reality which hit gold mining companies share price. Current gold price is $1185 per oz and cost of producing one oz us around $1100 that leaves $85 profit which is not a great number. What about if gold goes to $2300 per oz? Well i do hope for that number and Ortac has 1.32m oz so 5.50p will meet.
From a long time investor who is a non-investor now:- The 5.5p rating is based on developing Sturec. Sturec development is now looking less likely than ever and until that changes there is no reason to invest here. This share has been hit by pumps and dumps in the past. It could happen again sp be careful!
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