RE: The 2,000,000oz Catalyst is Near16 Mar 2026 08:37
I suspect this is wise. The exploitation license could drop any day, as predicted in Q2. ORR have an impressive history of meeting, or improving, on their targets dates. It’s worth noting that drilling reports are under their control, local authority permits aren’t.
I’d not be concerned until the end of Q3, after which an explanation of progress would be fair.
Success with the permit will rocket ORR above 1p. They’ll be huge interest with majors and deals done. ORR will dilute significantly but retain equity worth USD100s of millions of a massive open pit mining district. Perhaps billions.