Hello Pat and team: Thanks for your advice. I would like to have your opinion on Orezone on the TSX with their drilling results and your recommendation. Thank you.
Orezone Gold Corp., $4.05, symbol ORE on Toronto (Shares outstanding: 69.9 million; Market cap: $340.3 million; www.orezone.com), is focused on developing its Bombore gold project in Burkina Faso, in western Africa. Bombore contains as much as 3.5 million ounces of gold, with lots of room to add reserves through further exploration.
Bombore is 85 kilometres from Ouagadougou, the capital of Mali. It’s near a paved highway, and has access to power and water.
The company is now assessing whether to go ahead with a feasibility study on building a mine at the site. Once completed, a mine at Bombore would be able to produce 250,000 ounces of gold a year. As part of its assessment, Orezone is conducting a $24-million, 170-metre drill program this year.
Orezone also has interests in other gold projects in Burkina Faso, and a recent uranium discovery in Niger.
Operating in Burkina Faso entails above-average political risk. For example, there were recently riots in the southern…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
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