Value Microcaps Junior Miners

[checkmate28]

Dr Air ORV.t Orvana Fantastic post and you beat me to it. I've had some windows up on my computer for a couple weeks wanting to put together some DD for a post.

Looked like a perfect storm to me. What mainly caught me, was the Trading at 1 x Adjusted EBIDTA and the fact they paid down so much debt last year plus increased their cash with the sale of the Michigan property. That money they spent on debt last year can only go one place now.

2014 Numbers Nice numbers here.
150oz Aueq
84KOz .... 2015Guid 82-84
21M lbs Cu.... 2015Guid 20-23
890K ozAg .... 2015Guid 550-680


Consolidated COC of $696 and AISC of $949 per ounce of gold sold 1X

Plus they still have a chip of cash owed them for the Copperwood property, tax rate in Spain going down 5% this year and lets not forget the soft Euro is helping them.

Im looking forward to how they make the transition from pressure to pay the bills to what to do with the free cash.
Checkmate28