OSU.L Share Price (OSU)

Here is the Northern Miner link: https://www.northernminer.com/news/orsu-metals-completes-maiden-resource-on-russian-gold-project/1003806328/

A good start although all at the inferred level of classification - 25.09 million tonnes, grading 1.47 g/t gold and containing 1.19 Moz gold at a 0.5 g/t gold cut-off grade. Significantly more to come if you consider that the area explored is only a small part of the property (which is an area populated by gold mines) and that grades are increasing with depth - a very good sign indeed and warrants some deeper drilling.

It would be nice to have some infill drilling to upgrade the category on the currently defined resource but perhaps of more significance is expanding the resource base to start attracting the attention of more significant investors. Both will have to be done to move to BFS and development stage.

Well, Orsu still sit under the radar which, from a UK perspective, is hardly surprising since the company delisted from AIM. However, things have moved on significantly with the drilling campaign and I confess that it has surpassed what I was anticipating. They have drilled more than anticipated and some of the results are excellent. It will be good to see the resource statement that is being produced for part of the property and, significantly, how much will be in the measured and indicated categories (I am not expecting a great deal but indications are that the 40m spacing of some of the drilling will be sufficient for some).

The market capitalisation here is still very low for what looks like a decent property with good infrastructure and other mines (suspended or otherwise) literally sitting next door. As such, this can hardly be described as a 'wild cat' operation and should be rated more highly even considering investors aversion for Russian assets.

Still holding and expect this to come good once the gold price starts moving ahead in anger (I am expecting a 'wash out' low at some point in the not too distant future but I expect 2019 and onwards to be very good for gold prices).

Okay, the website cuts my email. Just write to Orsu corporate email available on the website and they will pass it on to me.

Dear Silverite
By way of introduction, I am Sergei Stefanovich, MD for Orsu these days. Just wanted to say hi. I am, of course, being MD and a shareholder, care what people say about Orsu. We are really refocusing the company, our G&A is 20% of what it used to be a year ago, we have a new and exciting gold project that we keep our shareholders updated on. We maximize our exploration dollars and really run the company efficiently. For all sorts of rules, I can’t say more than the company says in its press-releases. We are working towards a maiden resource and an economic assessment later this year. I expect that we will deliver a solid set of numbers in Q4 this year in terms of resource and appearing economics of the project. Exploration is going really well. Keep following us. If convinced, join the ride. Happy to take your questions on stefanovichsergei**********
Sergei