Tuesday, October 06, 2020 4:14:02 PM
Not sure why this is trading at this level, as they are about to begin gold production, but I am all in here.
This should be trading at .50, and it will be soon.
I expect an announcement on the terms of their mining/processing agreement with the adjacent mine soon. When that happens there will be some clarity on expected revenue and net profits going forward.
Whatever the number is, it supports a higher price. This is still trading as if it is a junior miner, years away from production. Orsu Metals is going into a pilot mining program, with a pretty substantial upper limit on how much gold they can mine and process.
They will be profitable by end of year 2020.
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