Ortac Resources - undervalued miner10 Dec 2017 17:26
Gold, Copper and Cobalt - Ortac Resources have got it all.
- Two projects with 1 million + gold ounce JORC resource (Slovakia, DRC)
- Copper and Cobalt asset in Zambia that are close to existing billion dollar mines with same geology. And being open pit mining operations, the capex to build the Zambian assets would be recovered in less than 5 years.
- And then finally we still have Eriterian asset, which if disposed would give Ortac Reources to fund DRC phase 2 drilling plan or Zambian JORC definition. Alternatively, if the low scale open pit mining operations are started, then it can bring limited cashflow.
All in all, Ortac Resources is a undervalued miner which present valuation should be upwards of £150m+ from the current market cap of around £5m, just the casa mining project current valuation is worth upwards of £150m. It would cost in a region of £400m to £750+m to bring the massive 2-5+m gold ounce casa project into production. With Casa, we are looking at an asset that can generate annual revenue of £250m+ at 250,000 au oz annual production.
The Slovakian, The Zambian and The Eritrean asset are the additional asset are still discounted in Ortac's share price.
Undervalued by 'EPIC' proportion. Eventually the market would value it....So accumulate it while the peeps are still engaged with oil and gas and pharma plays....