Club Mulgoa

Wednesday, October 03, 2012

OYM

This stock promises a lot.  With credentials.  It has more gold to uncover in Vietnam but that is a lousy place to mine because of government interference and 'funny' taxes.  But the mine is still profitable, generating cash to fund further exploration.

What is better is the deposit in Sarawak.  There is already a 3 million oz of Au JORC resource.  And more to be found.

However, the share price has not reflected its discoveries.  Hence I am still underwater with this stock.  Until the Malaysian deposit is transformed into gold ingots, the share price can be anywhere whatever the drilling shows.

http://minesite.com/news/olympus-pacific-bounces-back-from-a-weak-june-quarter-with-big-plans-for-future-growth

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