Orinoco Raises Cash For Cascavel Gold
Orinoco Gold – (ASX: OGX, Share Price: $0.11, Market Cap: $117m, coverage initiated @ $0.105 in Sep 2015 – current gain of 5%)
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Record Monthly Mine Production For Orinoco
Orinoco Gold (ASX: OGX, Share Price: $0.064, Market Cap: $32m) is demonstrating encouraging progress with respect to remedial work aimed at recommencing gold operations at its Cascavel mine in Brazil, with a number of important milestones – comprising the declaration of a maiden JORC-compliant Resource at Sertão, process plant enhancements and record monthly mine development.
Read MoreOrinoco Honing In On Production
Shares Orinoco Gold (OGX) have been valued at a 60 per cent premium to their current price as the Brazilian-focused gold developer closes in on first production at its high-grade Cascavel Project early next year.
Read MoreOrinoco Gold On Track In Brazil
Orinoco Gold is an emerging high-grade gold producer in Brazil. The company is minimising risk by developing a low-capex/low-operating cost mining operation at Cascavel, with strong resource upside.
Read MoreOrinoco Striking Gold In Brazil
Orinoco Gold (ASX: OGX, Share Price: $0.087, Market Cap: $15m) is an emerging gold producer that we’ve been looking to introduce to our Portfolio for some time, based on its outstanding Brazilian project fundamentals. A catch-up at the Resources Round-up in Sydney with management provided reassurance and the perfect opportunity to introduce the stock to readers last week as a Spec Buy around $0.072 – with the stocks already up 21% on our buy-in price.
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