3765 days ago
The misery of the junior mining markets has caused pain for many but it also gives an opportunity to those with cash…step forward Ortac Resources (OTC) which has today announced a very interesting little deal which could be a real winner.
At 0.24p Ortac is capitalised at just £5.4 million. Its main focus was and – having chatted to Ortac boss Vassilios Carellas over the weekend - still is Slovakia. In that country it has – at Sturec- a JORC compliant gold resource of 873,000 oz. and has completed a PFS. Progress on developing a clearly commercial mine has been delayed by bearded eco-loons who prefer trees to jobs but I am led to believe that progress is being made on that front and we will have news in 2014.
But Carellas is an opportunist.
