Value Microcaps Junior Miners

[dr_airtime]

ORV.TO - copper way down in FY18, not that great...

...once I crunched the numbers below. Applying current spot prices against 2017 and 2018F mid-range production I'm only seeing revenue go up by USD 11M in 2018. Gold production up, copper production down big time. Mostly a nicely presented PR by Orvana.

However, El Valle revenue goes up by $15M. It remains to be seen if this will translate into a significant AISC decrease at El Valle which is where all Orvana's high historical costs have emerged from. Can they focus their mining on higher grade ore? Small position here but the potential is still there for a triple IMO as the market cap is only $36M. If they turn things around $100M is very reasonable.

Spot prices applied against guidance in ORV's latest news release



Here is what I replicated from the news release:



Here is the news release:

http://s2.q4cdn.com/372236871/files/ORV-NR-FY2018-Guidance_FINAL-13092017.pdf