Ormonde Mining (LON:ORM) - Potential for increased resources
Oct 24th 2012 - Edison Investment Research today published a report on Ormonde Mining (ORM.L, LSE:ORM, LON:ORM) entitled "Potential For Increased Resources". In summary, the report says:
Ormonde Mining has released several updates on its tungsten and gold JV projects over the past week. Drill results from its Barruecopardo tungsten project in western Spain were released on 16 October. An update on Ormonde’s Zamora gold JV project with Aurum Mining was released on 15 October. Most recently, the company released positive results from its Cabeza gold project, which is also a JV with Aurum Mining, on 23 October. While these updates are all positive results for the company that could ultimately expand its current resource base, our valuation remains unchanged at £0.24 per share.
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