- 17.5 m @ 1,263 g/t Ag
- 25.0 m @ 39.2g/t Ag: including 3m @ 97.2g/t Ag from 114m
- 4.4 m @ 760.3g/t Ag: including 1.05m @ 2,510g/t Ag from 157m
- 4.7m @ 58.6g/t Ag: including 0.85m @ 236g/t Ag from 162m
But wait, there’s more. Orinoco plans to double production to 40,000 ounces of high-grade gold in 2017 (28,000 net to Orinoco) while the percentage of leverage, 9% vs. 33% would not change, cash flow before cap-ex could double to US$10 million on a US$ 17 million market cap. Remember, that’s on an uptick in gold price by $100/oz to US$ 1,200/oz. Each $100/oz gain generates $5 million of incremental cash flow for Orinoco, all else equal.Disclosure: Orinoco Gold (Ticker: ASX:OGR) (OGR:ASX) is a speculative, small cap company, with limited trading volume. An investment in Orinoco Gold is not suitable for all investors. Readers and investors are encouraged to do their own due diligence before buying or selling stocks, especially small cap stocks. Due diligence should include consulting with one’s own investment advisor. The author, Peter Epstein,CFA, MBA owns shares of Orinoco Gold. Mr. Epstein is not a registered financial advisor. Readers should take this fact into careful consideration.