This is being spread all over SI, I've seen it on LGOV, DGIV, and BNEZ boards. Kind of interesting reading, I see some familiar names in here and some of the same "themes" we hear about from time to time.
BB:ORXX- OREX Gold Mines Update!
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Main Page:
orexgold.com
Technology:
haberscience.com
orexgold.com.
orexgold.com
Management:
orexgold.com
See also:
haberscience.com
The most frequently asked questions:
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Q. Why don't we see the stock soar, if the recent news is really good?
A. There is two companies who shorted the stock: originally by a New York firm through Night Securities and recently by a Canadian outfit called Nesbit Burns. Some weak investors also panicked and sold some shares. Remember, the stock went from $1.50 to $7.75 with no news. The ONLY reason it is depressed right now is because of the shorters.
Q. Is there ANY negative news from the company that made the stock drop?
A. Absolutely not.
Q. How do we take care of these shorters?
A. We have to “squeeze” them out by buying into the stock. Once the price touches certain point, they would have to go in and BUY shares themselves on the open market! The stock is extremely cheap right now and a great bargain anyways.
Q. Are there any large investors looking to invest in OREX at the open market?
A. Yes, there are few groups who should help us to squeeze the shorters out very soon.
Q. What is the next step for OREX?
A. The company is working very aggressively on completing the acquisition and actually starting the process in the field. Furthermore, it will reach a wide audience with their two newly hired PR firms. The actual acquisition (not letter of intent) should be completed within next 10 working days. That means that we could see the first gold within next 4-5 weeks!
Q. Does that mean, that once we see the gold, the stock price will go up significantly again?
A. Absolutely. There are a lot of investors and organizations that are ready to pour in millions of dollars, but they want to see the proof. Once the process is proven, there will be individual investors, fund managers, newspapers, magazines, environmental agencies, governmental agencies and other organizations rushing into OREX.
Q. How many tons of ore can we process per day? What kind of revenue it should bring in right away?
A. Just at Santa Maria properties- about 75+ tons/day. So, if we take a grade of .25 oz/ton, we get approximately $130,000/month, minus expenses.
Q. Since the price of gold is depressed right now, can we extract gold and still make a good profit?
A. Yes, it is estimated that 1 oz. of gold can be extracted for about $175. However, using HGP, OREX can process 3-4 times more gold ore per day. Furthermore, silica sales will help to drop operating cost significantly. No one will know the final cost of getting 1 oz of gold from the ground until its tried, but my personal best estimation, taking all factors in consideration is around $90-$135/ounce (which is very good).
Q. Can sales of silica to Phelps Dodge cover most of the gold extracting expenses?
A. Yes, it should cover most of the expenses. Since the quartz ore consists of about 90% silica, most mining expenses should be covered.
Q. Can OREX process other metals besides gold, and which ones?
A. Yes. It can process Silver, Copper, Platinum, Manganese, Vanadium and other metals/materials.
Q. What is silica? How much do we have of it? How much does it cost?
A. The silica flux is used in the copper market. The quartz rock that contains gold is 85-95% silica, which is much higher than most flux ore. The silica sells for around $40.00/ton right now.
Q. What is vanadium? How much does it cost?
A. Vanadium is used in the common batteries. The current price of vanadium is around $2.85/lb. I am still estimating how much of it per month OREX can sell. It seems the deposits are much larger than previously estimated.
Q. What is uranium? How much does it cost?
A. Uranium is used in the nuclear industry. The current price of uranium is around $12.00/lb. I am still estimating how much of it per month OREX can sell. It seems the deposits are much larger than previously estimated.
Q. Are there any parties interested in OREX's vanadium, uranium and silica besides Phelps Dodge?
A. Yes, there are quite a few interested parties. They have already contacted OREX. There is a possibility of many other vanadium/uranium/silica contracts.
Q. Is the videotape presentation OREX has been working complete?
A. Yes, they will get the first 1,000 copies by the end of the week. Please call (800)749-OREX for your copy any time.
Q. Once the acquisition is complete, will we see an addition to the OREX's board of directors?
A. Yes, OREX expects to add few very qualified individuals, including Mr. Dearth, Mr. Kemmper, and Mr. Blackburn. Company's web page will be updated shortly to accommodate these changes.
Q. Was/Will there be a better time to invest in OREX right now?
A. I don't think so. The shorters, like with many other stocks presented us, regular investors with a great buying opportunity. Since there are still in, it is possible to buy 50-75,000 shares for under $2.00 and another 50,000 for under $3.00. And we are talking free-traded shares! It is truly a ground-floor opportunity. Some people call short shares “money in the bank”. That is because they will have to buy it back on the open market, as soon as some buying pressure is applied (see BB:HABE run).
Q. Where do you see the stock in 3-6 months, if everything goes as planned?
A. Knowing how little of buying power its takes for the stock to soar, and that the HGP process works very well, I expect it to be in $10-$15 range within 3 months and in $30-$35 range in 6-9 months.
P.S. Things will start to heat up very soon, as we get close to the first 2,500-ton batch run. That will also inject about $166,000 in company's cash reserve.
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Gold Advisor.
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