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Orsu Metals (ORSUF)

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Last Post: 5/21/2019 11:01:14 AM - Followers: 5 - Board type: Free - Posts Today: 0

Updated December 4, 2018
Orsu Metals Corporation is a Toronto listed (TMX), London-based precious and base metals exploration and development company which is exploring advanced staged gold deposits in Siberia, Russia. Orsu was formed in June 2008 after the acquisition of Lero Gold Corp. by European Minerals Corporation. The 90% owned Sergeevskoe gold project located in the Mogocha District of the Zabaikal’skiy Region of the Russian Federation is the focus of Orsu’s activities. On October 11, 2017, Orsu completed the sale of its 94.75% interest in the Karchiga, Kazakhstan project for proceeds of US$ 6 million. 

Orsu is headed by Dr. Sergey Kurzin, and its Director of Exploration is Alexander Yakubchuk, who is actually from Siberia. Both have outstanding records of developing mines in the the former soviet republics.


Orsu Metals completes 2018 exploration works at the Sergeevskoe Gold Project, Russia.

October 22, 2018


  • 13,463.8 m were drilled in 62 holes in 2018
    1,577.8 m were excavated in 14 bulldozer trenches in 2018

Dr. Alexander Yakubchuk, Director of Exploration of Orsu commented: “We completed the extended 2018 exploration program and are now working on delineation and correlation of the mineralized intervals, while some assays are still either pending or the samples are on their way to the analytical laboratory. Orsu believes that the results from 17,107.9 m drilling and 5,293.5 m trenching by the Company in 2017 and 2018 will form a solid foundation for the forthcoming resource estimate”.

The license of the Sergeevskoe Gold Project occurs immediately east from the Alexandrovskoe open pit and plant owned by Zapadnaya Gold Mining Ltd and to the west from the Klyuchevskoe license owned by Sun Gold Mining (Figure 1). The Klyuchevskoe (Klyuchi) gold deposit represents a +6 Moz gold endowment (see Orsu press-release dated September 21, 2016). Orsu owns a 90% interest in the Sergeevskoe Gold Project (see Orsu press-release December 1, 2017).

In May 2018, Orsu announced the beginning of the 10,000 m drilling and 2,000 m trenching program (see press release May 2, 2018), aiming to deliver an estimation of a maiden resource and to test new targets. This program was then extended to drill additional 2,000 to 2,500 m to fill in gaps in the existing grid and to drill additional targets (see press release September 20, 2018).

Interview with Alexander Yakubchuk from November 2018, regarding the Sergeevskoe mining project: (lots of details, along with plans for pilot mineing to begin in 2019.

Insiders own about 65% of stock, and Mr. Yakubchuk states in the interview that the company wants to avoid dilution, and wishes to begin producing revenue from a pilot mine in 2019, processing between 200,000- 300,000 tons/year of high grade ore, containing both gold and silver, from the Sergeevskoe mine.

With production from a pilot mine beginning in 2019, and with substantial resource estimate due before the end of 2018, ORSU (TMX: OSU) is extremely undervalued, with a market cap of only $12,322,000CAD or $9,300,000USD.

While there has been some dilution the last few years, the company has approximately $2 million USD in cash, and is not planning further dilution, according to Mr. Yakubchuk

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#68   NXT Analytics out with a new report. Rates downthehatch 05/21/19 11:01:14 AM
#67   Resource estimate could be released any day now, downthehatch 01/31/19 08:04:50 PM
#66   52 week high reached this week--- much more downthehatch 12/07/18 02:57:04 PM
#65   NEWS OUT THIS MORNING: downthehatch 12/05/18 12:19:51 PM
#64   ORSUF up 34% today-- actually reflecting several days downthehatch 12/04/18 03:48:44 PM
#63   iBox updated with current information, regarding ORSU's Sergeevskoe downthehatch 12/04/18 03:35:07 PM
#62   Sergeevskoe project is immediately adjacent to Klyuchevskoe gold downthehatch 12/04/18 02:43:54 PM
#61   Sergeevskoe Gold Project exploration project was completed in downthehatch 12/04/18 02:39:53 PM
#60   Lots of good news from the Sergeovske gold downthehatch 12/04/18 02:37:15 PM
#59   52 week high today! downthehatch 12/04/18 02:36:33 PM
#58   Losing: They did do a reverse split.... so no, downthehatch 11/11/17 10:57:08 AM
#57   Hello "downthehatch", remember me from earlier in the losing money here 11/11/17 12:09:57 AM
#56   ORSUF up 40% today-- nice reaction to the news! downthehatch 11/07/17 03:42:15 PM
#55   NEWS TODAY! downthehatch 11/07/17 03:02:43 PM
#54   Good evening. I see ORSUF under 1 penny losing money here 07/20/17 08:44:04 PM
#53   Where do you see it under .01? downthehatch 07/20/17 01:10:59 PM
#52   Well, Hello again everyone, Losing is here. What losing money here 07/20/17 11:50:26 AM
#51   Positive news on Orsu Metals new gold mine: downthehatch 03/15/17 07:32:12 PM
#50   NEWS: downthehatch 04/11/16 02:33:32 PM
#49   News out of London on TSX, AIM downthehatch 07/13/15 11:30:38 AM
#48   Another up day in London for OSU, with downthehatch 12/02/13 09:14:48 AM
#47   Something is up at ORSU Metals. Stock traded downthehatch 11/29/13 01:22:14 PM
#46   Losing: I feel your pain. downthehatch 08/14/13 02:02:27 PM
#45   I must be missing out. I bought this losing money here 07/27/13 11:41:56 PM
#44   Screaming buy on this stock: Gold Fields, a downthehatch 07/26/13 09:51:50 AM
#43   ORSU TO EXHIBIT AT PDAC IN TORONTO NEXT WEEK downthehatch 02/27/13 11:56:59 AM
#42   Something happening here---strong but still small volume buying downthehatch 01/07/13 09:54:30 AM
#41   Major buying--- stock reaches 2012 high again. downthehatch 09/17/12 04:03:00 PM
#40   Approval for mine granted by Kazakh authorities!! downthehatch 08/20/12 09:53:33 AM
#39   Earnings out, good review of progress toward construction downthehatch 08/14/12 10:03:29 AM
#38   Orsu names 2 banks to coordinate arranging debt downthehatch 07/31/12 11:48:14 AM
#37   $10 million cash, plus $10 million more now downthehatch 07/25/12 10:19:33 AM
#36   BIG NEWS TODAY! downthehatch 07/17/12 10:13:02 AM
#35   Financing for Karchiga- downthehatch 06/20/12 11:04:38 AM
#34   I give up- why does someone sell 5 downthehatch 06/04/12 03:48:21 PM
#33   Some big trades on the London AIM exchange today. downthehatch 05/31/12 03:58:46 PM
#32   NEWS OUT TODAY: downthehatch 05/25/12 10:01:45 AM
#31   MORE good news: downthehatch 05/02/12 02:55:42 PM
#30   ORSUF filed its formal 43-101, Definitive Feasibility Study today. downthehatch 03/29/12 02:26:42 PM
#29   Positive story: downthehatch 03/05/12 03:21:18 PM
#28   NEWS TODAY: downthehatch 02/29/12 11:19:13 AM
#27   Why has ORSU been moving up? (except downthehatch 02/02/12 04:17:01 PM
#26   Very bullish technical analysis, short and intermediate term: downthehatch 01/26/12 10:43:43 AM
#25   Kyrghstan mining to resume: downthehatch 01/12/12 10:38:36 AM
#24   One of these days, CEO Sergey Kurzin is downthehatch 11/16/11 10:46:42 AM
#23   Financials for Q3 are posted on the IHUB downthehatch 11/11/11 10:03:15 AM
#22   Significant trading all week-- someone buying a million downthehatch 10/07/11 10:57:52 AM
#21   Some big trades today.... maybe someone knows that downthehatch 10/03/11 01:33:59 PM
#20   More positive news from infill drilling program: downthehatch 09/29/11 10:11:06 AM
#19   6.83 million received-- $14 million cash on hand--- downthehatch 09/21/11 04:00:01 PM