Stockchase Opinions

Charles Oliver, HBSc CFA Orezone Gold Corp ORE-X DON'T BUY Nov 08, 2010

(Market Call Minute) Fairly priced now. It’s getting at a level where it’s close to fair value.
$4.200

Stock price when the opinion was issued

metal mines
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COMMENT

This is going to be tricky. They pulled their bankable feasibility study. High quality people. He is working on studying the deposit right now, but officially he is neutral on this.

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In Western Africa, this miner is looking for funding. It is not the exciting part of the cycle as they are in the de-risking mode. Investors are looking for projects that double resources. Institutional investors are not yet stepping in the space.