In Canaccord's Late Edition Today they discuss Orezone (ORE-V)
The chart looks pretty sweet if you bought it back in the dead old boring days of the fight to break the buck.
I think we can do much better in quantity, quality and location. Here is what is being said:
1. Orezone announced a 27% increase it the total gold resources
estimated at its 100%-owned Bombore gold
project in Burkina Faso. The project now hosts a total
resource base of 3.5 million ounces of gold. The average
grade of the resource has increased to 0.88 g/t gold,
a 48% increase from the previous resource update.
2. The improvement in the fresh rock resource base was
particularly significant. The average grade increased by
45% with a 57% increase in the overall fresh rock resource
base. There are now 1.8 million ounces of fresh
rock resources at an average grade of 1.22 g/t gold.
Given the size and grade of the fresh rock resource
base, Orezone is now considering the development of a
CIL operation at Bombore.
3. Orezone is focusing the next phase of exploration on
expanding the resource laterally, along strike, and at
depth. A
Take it for what it's worth, but I wouldn't have bought ORE at 0.50 and I certainly wouldn't buy it at 2.00+