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No my valuation is very much based on the here and now. That is the truly pitiful bit. Your figures are outlandish in the extreme.
You are basing your valuation based on past circumstances. And I am basing my valuation based on the hidden value that is present in all the four assets. You have all the right to not to believe in Ortac's potential, and I have mine to present why I will keep supporting Ortac... Each to its own.
Also the vast majority of junior miners fail and this one is exhibiting all the signs of that. Listening to you lot you would think the company is actually worth £3m or more!
There are traders, scalpers, swing traders, investors - each with different time horizon.You lose when you close.... I am not in a rush with Ortac. It is in my ISA for a reason.
I think you should again. In no way can my comments albe takrlen as a positive reason to invest.
Or why not listen to people with a wealth of investing experience here and save yourself from losing a few bob? Even a few weeks ago this was over 4p and shooting to the moon. How much ridicule did we get...? And how riduculous not to listen....
Judging it too soon. Only an joint venture away to unlock the massive value at Sturec. - what it needs now is an funded local operator with strong government connections. Sturec in itself can be 4x-5x for OTC.
Back in the real world overvalued at £3m.
Doesnt really answer my question, does it. The uncomfortable answer is that Slovakia is a white elephant worth zero
30 million spent to find one Akyanga which the massive gold company failed. Persistence pays... Funding would be value enhancer.
"30 million spent to date" yes , by a massive gold mining company and then they decided to walk away as seen no value in it. You mentioned a list of possible funding paths, good, now tell me what this funding will do to your exciting holding. I suppose your going to tell me the sp will much higher and these new partners will pay a higher price than you...because you got in early before the herd...lol
Ortac Resources's 45% stake in Casa Mining is undervalued by a massive proportion. The Misisi projects comprises not one but a total of three mining licenses (Akyanga, Mdende, Lu*****ako and Ngalula Deposits) comprising 133 square kilometers. The recent funding that Ortac resources provided is just for the license at Akyanga. $30 million had been spent on Misisi project - Akyanga deposit is the most advanced with reinterpreted 1.05Moz JORC resource @ 2.27g/t Au completed in 2017 This is the sort of mining projects that interests majors and easily supported by institutional investors - A project which can generate value for more than 10-15 years.
- Existing shareholders and directors - Mining Capital Funds - Sovereign Funds - Institutional Investors - Joint Ventures -------------------------- Don't worry they would be funded. The value of the company's stake is at least 5-10 times its current market cap. Chill now.
Still no answers to the little subject of money, I guess if you dont mention it, it dosent matter. You would think all you posters will your multi bag experience would have the answer, surly you have calculated it when working out how many times Ortac is going to multi bag for you.....still waiting, answer anytime soon, cheers
The placing over the years at the depth of mining recession has helped Ortac Resources to spread the mining risk of 'one country-one metal' to a company with exciting mining projects in four different geographical region with massive minerals potential. Each of the mining project that Ortac Resources has the potential to generate upwards of �50m annual cash flow. You cannot see the light in the tunnel until you come out of it. Ortac Resources is a sleeping giant - without doubt. Undervalued by 10x-20x. Potential: 30x-50x.
Ortac Resources is massively undervalued. ----------------------- �turec Gold Project, Slovakia Location: Central Slovakia Operator: Ortac Gold in the Ground: 1.32 Moz Au Eq. JORC Code (2004) Ortac Stake: 100% Stage: Undergound Mining Permit re-issued, mining operations have recommenced Project Investment to date: ~$30 million. Development of alternate leaching processes. Surface & underground mining permitted. In April 2013 Ortac and SRK completed a PFS of the �turec Project. The results of the PFS confirm the economic viability of the �turec Project. Highlights of the study include: a Net Present Value (�NPV�) at 8% discount rate (pre-tax) of US$195 million (post tax US$145 million) and Internal Rate of Return (�IRR�) of 30%, at US$1,343/oz Au Eq net price. Cash operating costs of US$555 per oz Au Eq. Projected project life of 11 years with average annual production of 71,000 oz Au Eq and pre-production capital expenditure of US$124 million, including 15% contingency on processing and infrastructure items. -------------------------------------- Misisi Gold Project, Democratic Republic of the Congo Location: Democratic Republic of the Congo Operator: CASA Mining Ltd Gold in the Ground: 1.5 Moz Au JORC Code (2012) Ortac Stake: Approximately 45% upon conversion Stage: Advanced Exploration Next Step: Infill Drilling, expected to commence in August 2017 Project Investment to date: $30 million In February 2016, Ortac took an initial stake in CASA Mining Ltd, through an equity placing of securing an initial interest of approximately 12% in the share capital of CASA. Ortac has since increased its stake in CASA to 45% -------------------------------------- Haykota VMS Copper-Gold, Eritrea Location: Eritrea Operator: Andiamo Exploration Ltd Copper in the Ground: Maiden JORC (oxide) of ~85,000 oz Au and ~22,000t of Cu at Yacob Dewar. Ortac Stake: 18.48% Stage: New VMS discovery in the northern part of the license under JV with EEA confirmed at Hoba, with a number of other anomalies yet to be tested. Nevsun's (TSX: NSV) VMS discoveries approaching northern part of Andiamo�s license Project Investment to date: $12.5 million Ortac Resources initially invested US$1.5 million for a 26.7% holding, but has been diluted down to 18.48% through subsequent equity placings. -------------------------------------- Kalaba Copper Cobalt, Zambia Location: Zambia Operator: Zamsort ltd Resource: Non-Code Compliant Resource of copper and cobalt Ore in the Ground: 16.59 million tonnes Ortac Stake: Effective 19.35% Stage: Commercial scale demonstration plant under construction Next Step: Processing 35kt of ore per month with a grade of 1.00% ASCu and 0.20% ASCo. C1 cash costs estimated at $2,500/t of recovered copper. In June 2017, Ortac agreed to convert the Secured Convertible Loan Note and to partially convert the Call Option Agreement into an equity position of 14%
Was meant for counting, too many of you experts on here, very confusing for a bitter, twisted investor with no pension money left ect. Come on boys, stop with the throwing the toys from the pram and tell me where the many is coming from thats going to make this multi bag.
No city, cant comfirm, just me guessing and I withdraw that commemt as pure speculation on my behalf. NOTHING LIKE THAT HAPPENS ON AIM, IM 100% SURE.By the way, now I have your attention, tell me where Casa is getting the new money to carry on ?
"The broker will sell you a tale of riches and play the sp helped by poster here" I know there is no edit facility here SPOT, but I wanted to highlight serious accusations. One is against the broker for Ortac and also "helped by poster" confirms you have inside knowledge that a poster and the broker are working together. Can you confirm.
You still think Slovakia will come good even though they cannot get a mining permission and the Directors have passed over it now... please explain? Please explain why you invested, why you told trolls to get lost and why you ramped this share for months talking of how good it was. Bitter?? Nah not Freeks.
I think it's called care in the community.
Forgot to mention that none of these so call investors have answered my question as to where Ortac or it (part) owned Casa are going to get money to carry on, as funds are drying up Erm... who are you talking to? Who did you forget to mention to? Coming across as a bit of a nob to be honest. Any newbies here should also know you got burnt, as did share4 and freeky. New investors should ignore your posts like the plague. Never listen to a bitter twisted pi who got it all horribly wrong
Whats your purpose here? Whats your end goal ?
What an awful post. Another trash talk comment on the company and then telling people to look elsewhere. Grow up mate. Get a real job.
The placing that gets the gold out of the ground then. I can see it being a private affair most probably from a serious contender, not sure SPOT's gonna get his 50 bag but 20 bag is not unrealistic given the asset. Aimo of course. The desperation these bashers are showing only compounds my feelings of a great return here, i'm 30% under atm but holding my nerve as i do have dry now to catch any dips. GLA. Firwood