Great comparison of ORV with Endeavor Silver by Ganndolph on StockHouse While not complete, it helps put things in perspective.
Replying to another poster What is there to stop this stock at 35 cents?
Consider that Endeavour Silver's production guidance for 2017 was 124,000 to 134,000 gold equivalent ounces, and Orvana Minerals guidance for 2017 is in the range of 119,000 to 134,000 gold equivalent ounces. Both stocks have the same numbers for the upper end of guidance.
EDR trades at $4.00 Canadian dollars and has a market cap of 512 million dollars. ORV trades at 29 cents and has a market cap of $35 million dollars.
EDR has 128 million shares in the stock float and ORV has 136 million shares.
What is there to stop this stock from running to $4 USD?
I sold all mine when they announced $1350-$1400 AISC for F2017. Current rally is low volume and won't hold IMO. They are at AISC of $1422 YTD so are over upper end of guidance and will bleed cash this year.
Bolivia is also really small and I'm not sure if they have ever been able to repatriate free cash flow so that is why market gives them no value (socialist country that market is highly suspect will honour current mineral resources extraction legislation long term - I've visited there) so may be just a capital-suck to keep extending mine life but never helps to generate cash.
ORV may wander between $.20 and $.40 for next six months but I don't see any bigger catalysts.
I'm watching but waiting to see if FQ3 or FQ4 come in at lower AISC.
I know it's still cheap but needs a real turn around. I would buy again if ORV went back down to $.20.
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