Orinoco Gold (ASX: OGX) - Production Just Around the Corner

Orinoco Gold (ASX: OGX) is one of our best-performing resource plays, having as much as trebled in price over the past 12 months. The good news is that there’s likely substantial room for further price appreciation, based on the company’s looming transition to production status at its soon-to-be commissioned operation in Brazil during Q1 2016. The project is modest in scale, but has the potential to ramp-up significantly from operating cash flows – minimizing both start-up costs and financing risk. And with gold enjoying its biggest surge in three years and gold in Brazilian Real terms being one of the world's best performers, first production could not be better timed.


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Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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