John Kaiser recommends Orex Minerals

Al Korelin owns shares in Orex Minerals and Orex Minerals is a sponsor of our site.

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Issued 64,880,299	Price $0.29	Working Capital $715,065	Story Type Mineral Exploration
Diluted 78,404,791	Insiders 25.5%	As of 10/31/2013	Key People Gary Cope (CEO), N. Ross Wilmot (CFO)
Synopsis: Orex underwent a 5:1 rollback in October 2010 prior to anouncing an agreement to acquire the Swedish non-iron projects of Northland Resources for $5-million (U.S.) in cash over two years, and $3.5-million (U.S.) worth of Orex shares to be issued over a period of four years from signing of the final agreement. Orex has also guaranteed that a minimum $3-million (U.S.) will be spent on the projects in the first two years. In addition, the company has an epithermal silver project in Mexico where it has pooled its claims with neighbor Fresnillo, with Fresnillo earning 70% in the combined ground by spending $21 million towards completing a PFS.

Date	Price		Recommendation	Action	Net Cash	Net Stock	Gain	New Status
1/3/2014	$0.23		New BF Buy $0.20-$0.29	Buy 3,448 @ $0.29	$0	3,448	-21%	New BF Buy $0.20-$0.29

Recommendation Strategy as of :