Replies to post #33503 on Value Microcaps Junior Miners

[checkmate28]

ORV.T PS, In F2018 they won't be out of the woods, but they will be on their way out. The BISA Bank Loan will be paid, they will start paying the $12M Samsung gold loan (another great deal) at a rate of $500K/mth which is less than their paying on the BISA loan now. They should still have some clean up CAPEX as well.
At this point, they should have some serious leverage to the price of gold, relative to their market cap, and will have proved they can put meaningful cash in the bank. The CIL circuit is the game changer.

On another note, gold is at $1293
Checkmate28

[theme_investor]

check....glad u finally changed your stance on ORVMF.
:^)

[checkmate28]

ORV.t ORVMF Hits it out of the park. Like clockwork just as Ive been posting. Higher sales on lower costs greatly changing the dynamics of the investment.

https://web.tmxmoney.com/article.php?newsid=8920109311863931&qm_symbol=ORV

Orvana Reports Improved Third Quarter Financial Results on Record Quarterly Gold Production
TORONTO, Aug. 10, 2017

Third Quarter 2017 achievements:

Record quarterly gold production of 26,414 ounces, increase of 65% from Q2 2016;
Gold equivalent production of approximately 35,292 ounces during Q3 2017;
Revenue increased by $10.7 million to $36.7 million, up 41% compared to Q3 2016;
EBITDA up by $2.3 million compared to Q3 2016;
Cash balance of $18.5 million at June 30, 2017, up from $14.2 million at March 31, 2017;
COC and AISC of $1,032 and $1,199, respectively, in Q3 2016;
On track to meet fiscal 2017 cost and production guidance, including COC and AISC.