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Operations: Copper-gold-silver-mine in Bolivia, Gold/copper mine/Mill in Spain and its developing copper project in Michigan

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Message: ORV will pay back debt this year

The Gold Report Interview with Chen Lin (6/21/13)

"Orvana Minerals Corp. is doing quite well operationally. The company is generating a lot of cash flow this year and I calculated that if gold averages $1,200/oz and copper averages $3/pound for the rest of this year, it will pay back the debt due this year and should be fine. I visited the mine in Spain a few months ago. It's running very smoothly and has a lot of potential to improve next year. The key question for Orvana is its Copperwood property in Michigan. I have been lobbying the management for almost a year not to proceed on its own and not to take on debt to do so. It looks as if the new management team is listening. It is looking at all the alternative strategies for Copperwood and I hope for a positive outcome. Then the company will be a self-generating cash machine by the end of this year."

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