President and CEO of Orezone (TSX-V: ORE), Patrick Downey, is very optimistic about what they have and how they can drive this business going forward. The technical aspect has been de-risked significantly, they have lots of drill data, a much more simplified mine plan from the one they inherited, good jurisdiction to work in, a small CapEx, short time to production, and possible about to re-rate when the imminent debt component is finalised. One we have a lot of comfort with and take great interest in Orezone Gold.
A great West African gold story, with a very simple and effective approach to mining. The management team has a long track record of making shareholders money by creating meaningful mining businesses. They have increased their NPV by $140M since we last spoke to $360M.
Their project in Burkina Faso is surrounded by large Gold companies such as B2 Gold, West African Resources, Endeavour, Semafo. They also have large gold investment funds such as RCF, VanEck, Equinox and Sun Valley invested.
We discuss these topics and more:
- Recent News and Updates: What caused the Share Price to Spike?
- Simplification of Processes
- The Management Team & Remuneration
- Company Financials and CapEx
- Will investors make money and what should they know?
- Managing leaks in to the market
- Debt and Remodelling the Drill Program
Company page: https://www.orezone.com/
Make smarter investment decisions, subscribe here: https://www.cruxinvestor.com
For FREE unbiased investment information, follow us on Twitter and LinkedIn:
https://twitter.com/cruxinvestor
https://www.linkedin.com/company/crux-investor/
Take advantage, hear it here first: https://www.youtube.com/CRUXinvestor
View our disclaimer here.
