Value Microcaps Junior Miners

[checkmate28]

Orvana ORV.T At .15 Nowhere to go but up. 125K Oz yearly AuEq production at a $20M market cap. 2 mines 2 mills. They continue to increase production, increase grades/recoveries and decrease costs. They have spent about $25M CAPEX in each of the last 2 years and are now benefiting. Orvana provides lots of leverage to the price of gold. Another $100 in the price of gold adds another $12M in yearly cash flow. They dont dilute and looks like they have plans for more expansion and dollars for exploration. The Denver gold forum link below is very good.

News out. Orvana Announces Record Year End Gold Production
COMPLETES SUCCESSFUL TWO-YEAR RAMP-UP & PROVIDES 2019 PRODUCTION GUIDANCE

TSX:ORV TORONTO, Oct. 17, 2018 /PRNewswire/ -4th quarter production results

Production Highlights

Record consolidated gold production of 103,384 oz, an increase of 14% over YE 2017 (90,292 oz) and a 57% increase over YE 2016 (65,784 oz);

Consolidated gold equivalent production of 126,017 ounces;

Record consolidated quarter gold production of 28,661 ounces, an increase of 7% compared to Q3 2018;

FY 2019 production guidance of 100,000 to 110,000 ounces of gold, aligns with successful completion of two-year ramp-up effort


Orvana will continue to drive productivity improvements and reduction of unitary costs at both sites through the continued transition of higher grade oxides at El Valle and the opening up of new areas at Don Mario.


https://web.tmxmoney.com/article.php?newsid=5689420320918189&qm_symbol=ORV

Denver gold forum presentation
https://wsw.com/webcast/xpl18/orv.to/?lobby=true&day=3