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ORTAC RESOUCES (OTC)     

aldwickk - 06 Nov 2010 14:22





http://www.ortacresources.com/


The Company’s strategy is to utilise Ortac’s highly experienced board and management team, together with its solid foothold in the Central European region, to consolidate additional exploration and development opportunities in the precious metal sector.
Having already acquired the necessary capital, the Company plans to update the resource, complete a scoping study and preliminary environmental and social impact assessments, and bring into production its initial asset, the Kremnica Gold Project in Slovakia.
The Company has identified several regional consolidation opportunities at various stages of development which are currently being evaluated to significantly increase Ortac’s resource inventory and maximise shareholder value. Third party companies with advanced staged projects in the region which can be fast-tracked to achieve near term production are also being actively sought and evaluated.

chartist2004 - 06 Dec 2010 15:05 - 18 of 441

I'm up £3k today on OTC, have a shed full in my Sipp, I retire when they hit 5p.
up today 10.88% on 'no news' DYOR...

skyhigh - 30 Dec 2010 09:46 - 19 of 441

Well, it's now half way to 5p....so it's looking good for you chartish2004! well done and GL.

I'm up 60% from when I went in a few weks ago so very happy with current progress and there's plenty more to come! (imho)

cielo - 30 Dec 2010 11:59 - 20 of 441

Earlier news on the Daily EXPRESS .........

SMALL COMPANIES ROUNDUP: RARE EARTH MINERALS GETS CHINA BOOST

China said it would cut export quotas on rare earth minerals

Thursday December 30,2010 -- By Daily Express reporter

Precious metals explorer Ortac Resources struck it 0.33p richer at 2.17p in anticipation of a positive resource statement on its Kremnica gold project in Slovakia,


skyhigh - 30 Dec 2010 17:09 - 21 of 441

cielo,
thanks for posting the above....this is shaping up nicely!

beebusy - 31 Dec 2010 08:29 - 22 of 441

chartist will be lying on his sun drenched island 2011,as I said there is gold in them thar hills!!

cielo - 04 Jan 2011 09:35 - 23 of 441

Up she goes again 2.75p now , best for some time if I can say with only 21 M shares traded on 90 minites of trading

chartist2004 - 05 Jan 2011 06:15 - 24 of 441

Beebusy - Yes things looking very good, up over £33k since OCT, I was sitting on a £10k paper loss for a few weeks, but all looking fine so far.

Just 3 weeks longer at work then I finish. OTC will I hope see me into retierment.

I'm tempted to sell but I'll hang on for 5/6p! me thinks....

Lots of info on http://www.lse.co.uk/SharePrice.asp?SharePrice=otc

Happy Trading.....

beebusy - 06 Jan 2011 08:30 - 25 of 441

funny day yesterday, but off again this morning. At this rate I will be joining chartist!!

gibby - 14 Jan 2011 10:05 - 26 of 441

from another bb:-
'On 12 Nov 10,Edison issued an Arian Silver update giving silver values of $13.7/oz Measured,$6.16/Oz Indicated, $0.88/Oz Inferred based on a silver price of $27.19/oz.

HOWEVER, the value of silver has now increased to $29.14/Oz, an increase of 7.2%. This gives up to date values of:

Measured....1,780,700..$14.68/Oz...$26,140,676.....£16.74m...0.97p/share

Indicated...2,742,100..$6.60/Oz...$18,097,860.....£11.59m....0.67p/share

Inferred....880,400....$0.94/Oz...$827,576......£529,971...0.03p/share

In other words, OTCs silver "in ground" alone is currently worth £28.86m or 1.67p/share...and we haven't had the upgrade yet!

But it doesn't stop there.

OTCs current "in ground" gold/silver resources are worth £119m (6.84p/share)...but they are based on only 1.2km of their 6.5km strike length at Kreminica. This is hugely important. Assuming they achieve a similar resource to the first 1.2km (and there is no reason why they couldn't)then this could result in a potential 500% increase to the Kremnica resource alone, ie £595m or 34.2p/share.

But it doesn't stop there.

In the Optiva Research Note,dated 05 Jan 11, they gave a 6 month target of 3.45p....but this was based on the CURRENT known resource at Kremnica alone.

This target did NOT include:

1.....The imminent resource upgrade.

2.....The Brazilian iron ore project

3.....The 9 gold exploration licences in eastern Slovakia.

They said that the imminent resource upgrade (expected to be "in excess of 1Moz" in "early January) would "lead to a re-rating".

But it doesn't stop there.

Optiva went on to say:

• The Kremnica resource has "a high 80.9% is in the Measured and Indicated categories".

• "the current resource statement includes only 1.2km of the known 6.5km strike length"

• "Furthermore the management reckon that the exploration licence areas immediately to the south of the Kreminca mining licence area holds potential to host further significant resources."

Thats fantastic news. Not only are OTC expecting further significant resource upgrades from the remaining part of the 6.5km strike length as mentioned in 2 above, but OTC expect "further significant resource upgrades" from south Kremnica !

• Zlata Bana, one of their 9 Slovakian exploration licenses "could be quickly converted from a Slovak to JORC code compliant resource of 360,000 to 500,000 ounces of gold equivalent in the Indicated and Inferred categories." It says they think this is "low grade" but advise progressing the project further to learn more about the mineralisation and project area".

• "Ortac may look to add new interests in Slovakia and possibly elsewhere in Europe. Potential project additions are likely to made within the Carpatho‐Balkan metallogenic belt, that runs from Slovakia through eastern Euro'

gibby - 14 Jan 2011 13:32 - 27 of 441

i wouldnt wan to be out of otc over the weekend.............!!!!!

example of what next rns should might look like lol lol...

Measured 252,700

Indicated 364,500

Inferred 145,900

This is current situation in Kremnica project.

In this case we SP should be

252700 x 450= 113.715.000

364,500 x 122 = 44.469.000

145900 x 45 = 6.565.500

In total about $165mil

Then SP is 5.5p

In this context Ortac is undervalued 2.28times.

What can we expect for Jorc res. upgrade. Using a ratio of 40: 35:25, we can expect 400koz measured

350koz indicated

250koz inferred

In this case SP should be 180+42.7+11.25= $233.95 mil,

Or SP = 7.79p

ATB

Balerboy - 14 Jan 2011 13:36 - 28 of 441

Would be very nice if it comes through easter come early.,.

gibby - 14 Jan 2011 17:37 - 29 of 441

agreed bb - looking fwd to next week

gibby - 16 Jan 2011 21:57 - 30 of 441

found this from a respected poster - of interest....

DATE...............................13.01.11

OTC SHARE SHARE PRICE.....2.21p

OTC SHARES IN ISSUE........1,734,275,487

OTC MKT CAP....................£38.3m

OTC CASH.........................approx. £4.2m

(Cash based on results for the year ending 30 September 2010 of £3.296m and OTCs 500,000 VGM shares worth around £0.9m at 180.75p/share.)

OPTIVA RESEARCH NOTE, dated 05 Jan 11:

http://www.ortacresources.com/documents/OptivaNote05.01.11.pdf



The recent Optiva note, has the heading "ORTAC – The next European Goldfields Ltd?".

European Goldfields (EGU)is an AIM listed company, and is a developer/producer with 10Moz gold in Europe. (http://www.egoldfields.com).

EGU has a current Mkt Cap of £1.7 billion (191,838,979 shares X 890p)

(http://www.egoldfields.com/egoldfields/en/investors/aim).

A 1Moz gold resource is a significant psychological barrier. This is the number that makes others sit up and take notice of explorers like OTC.

OTC have said they expect to announce "in excess of 1Moz" in "early January".

As a direct comparison, 1Moz is 10% of EGUs 10Moz therefore valuing 1Moz at a potential £170m. OTC has a current mkt cap of £38.3m (1,724,137,931 shares x 2.21p).This means that when OTC announce a 1Moz resource they could be potentially worth as much as £170m, or 9.86p per share.

Obviously this is not a fair comparison as EGU are already a developer/producer while OTC is still just an explorer so EGU thoroughly deserves their premium. However, it does give an idea of the potential value of a 1Moz gold resource.

There are many other "goldies" with a 1Moz gold resource, many of which are valued at around £130m - £150m thus further emphasising the potential value of a 1Moz gold resource.

Currently, using the Jan 10 "Edison" valuation for a LONDON listed company, (and updated for a gold price of $1415) then this values the gold at $502.80/Oz Measured,$107.08/Oz Indicated and $4.71/Oz Inferred.

Using this basis, then OTCs current gold "in ground" JORC of 665,800 Oz Au (220,600 Oz Measured,315,200 Oz Indicated,130,000 Oz Inferred) is worth £90.22m or 5.2p/share...and we haven't had the upgrade yet!

By definition:

MEASURED - The locations are spaced closely enough to confirm geological and grade continuity

INDICATED - The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed.

INFERRED - Of limited or uncertain quality and reliability.

As can be seen from the above Edison valuation, anything in the INDICATED category is worth 22.73x more than Inferred and a MEASURED resource is worth a staggering 106.75x more than the "limited or uncertain quality and reliability" INFERRED !

OTC has 80.9% of their resource in the all important MEASURED & INDICATED categories. This is what makes OTC stand out from most of the other explorers. The importance of this cannot be stressed enough.

For example, CNR were a stellar performer ahead of their widely anticipated maiden JORC announcement recently, racing from around 0.4p to around 10.25p. They finally announced their maiden JORC of 868,000 Oz gold. This is more than OTCs 665,800 Oz gold. However, and most importantly, 100% of the CNR JORC was in the INFERRED (of limited or uncertain quality and reliability) and only worth £2.62m or 0.53p/share. On the day of the RNS, they had a mkt cap of £50.5m at 10.25p/share but only had gold worth £2.62m or 0.53p/share. The only reason the sp didn't completely collapse to around 1p was because, in the same RNS they said they were expecting to upgrade some of that INFERRED resource to the INDICATED category within the next 3 months without any further work. If it wasn't for this single comment it would have been disastrous. Even if one assumes they could transfer 50% of their INFERRED to the INDICATED category (and thats being generous) then, when they announce the upgrade in around 3 months time, the new Edison valuation would value CNR at around £32.79m or 6.3p/share:

CNR (assuming a generous 50/50 split):

INDICATED...434,000 Oz at $107.08/Oz...$48.49m (£30.8m)...6.26p/share

INFERRED....434,000 Oz at $4.71/Oz.....$20.44m (£1.99m)...0.04p/share

Another example is HUM. HUM have a current Canadian NI 43-101 resource of 812koz gold. This is directly comparable to a JORC according to Wiki.

http://en.wikipedia.org/wiki/National_Instrument_43-101

"The National Instrument 43-101 is broadly comparable to the Joint Ore Reserves Committee Code (JORC Code)"

"In many cases, NI 43-101 and JORC Code technical reports are considered inter-changeable"

Again, their gold of 812Koz sounds like its better than OTC's 665.8Koz gold. But because HUM do NOT have anything at all in the all important MEASURED category, then OTC actually has a far bigger value with less gold, ie OTC gold is worth £90.22m (mkt cap £38.3m at 2.21p) while HUMs gold is worth £31.58m (mkt cap of £87m). You do the maths.

Don't forget OTC also have a 5,403,200 Oz silver JORC. Again, the vast majority of OTCs silver is in the all important "Measured" & "Indicated" category.

On 12 Nov 10,Edison issued an Arian Silver update giving silver values of $13.7/oz Measured,$6.16/Oz Indicated, $0.88/Oz Inferred based on a silver price of $27.19/oz.

HOWEVER, the value of silver has now increased to $29.14/Oz, an increase of 7.2%. This gives up to date values of:

Measured....1,780,700..$14.68/Oz...$26,140,676.....£16.74m...0.97p/share

Indicated...2,742,100..$6.60/Oz...$18,097,860.....£11.59m....0.67p/share

Inferred....880,400....$0.94/Oz...$827,576......£529,971

SUMMARY:

• Mkt cap of £38.4m at 2,21p.

• Cash of approx. £4.2m (including 500k VGM shares).

• Current gold "in ground" is worth £90.22m or 5.2p/share.

• Current silver "in ground" is worth £28.86m or 1.67p/share

• Imminent upgrade to "in excess of 1moz" in "early January"

• 80.9% of the current resource is in the all important Measured and Indicated categories.

• The current gold/silver and upgrade is only for 1.2km of their 6.5km strike this giving a potential 500% increase in resources to around £595m or 34.2p/share for just the 6.5km strike length alone.

• The current gold/silver and upgrade does not include the south of the Kreminca mining licence area which "holds potential to host further significant resources".

• The current gold/silver and upgrade does not include the 9 Slovakian licenses.

• The current gold/silver and upgrade does not include the 77% owned Brazilian Iron Ore project.

• There will be a "low cost ground magnetic survey" in early 2011 at the 77% owned Brazilian Iron Ore project.

• The current gold/silver and upgrade does not include "Potential project additions" in an area of "world class deposits" in the "prolific gold region including Beregovo, Ukraine (4.5m oz), Rosia Montana, Romania (10.0m oz) and Chelopech, Bulgaria (5.0moz)"


These are my own personal opinions of course. You need to do your own research and reach your own conclusions. They may well be very different from mine."


In other words, OTCs silver "in ground" alone is currently worth £28.86m or 1.67p/share...and we haven't had the upgrade yet!

OTCs current "in ground" gold/silver resources are worth £119m (6.84p/share)...but they are based on only 1.2km of their 6.5km strike length at Kreminica. This is hugely important. Assuming they achieve a similar resource to the first 1.2km (and there is no reason why they couldn't)then this could result in a potential 500% increase to the Kremnica resource alone, ie £595m or 34.2p/share.

In the Optiva Research Note,dated 05 Jan 11, they gave a 6 month target of 3.45p....but this was based on the CURRENT known resource at Kremnica alone.

This target did NOT include:

1.....The imminent resource upgrade.

2.....The Brazilian iron ore project

3.....The 9 gold exploration licences in eastern Slovakia.

They said that the imminent resource upgrade (expected to be "in excess of 1Moz" in "early January) would "lead to a re-rating".

Optiva went on to say:

• The Kremnica resource has "a high 80.9% is in the Measured and Indicated categories".

• "the current resource statement includes only 1.2km of the known 6.5km strike length"

• "Furthermore the management reckon that the exploration licence areas immediately to the south of the Kreminca mining licence area holds potential to host further significant resources."

Thats fantastic news. Not only are OTC expecting further significant resource upgrades from the remaining part of the 6.5km strike length as mentioned in 2 above, but OTC expect "further significant resource upgrades" from south Kremnica !

• Zlata Bana, one of their 9 Slovakian exploration licenses "could be quickly converted from a Slovak to JORC code compliant resource of 360,000 to 500,000 ounces of gold equivalent in the Indicated and Inferred categories." It says they think this is "low grade" but advise progressing the project further to learn more about the mineralisation and project area".

• "Ortac may look to add new interests in Slovakia and possibly elsewhere in Europe. Potential project additions are likely to made within the Carpatho‐Balkan metallogenic belt, that runs from Slovakia through eastern Europe to Turkey. As illustrated below, a number of world class deposits have been identified within this prolific gold region including Beregovo, Ukraine (4.5m oz), Rosia Montana, Romania (10.0m oz) and Chelopech, Bulgaria (5.0moz)." FANTASTIC !

• The Brazilian iron ore project - "plans to conduct a low cost ground magnetic survey over the project area to identify potential areas for future drilling work in the early part of this year."

-----------------------------------------------------------

Balerboy - 16 Jan 2011 22:17 - 31 of 441

Certainly a good read, have held tmc for some time. would great if all comes true. cheers Gibby.

gibby - 18 Jan 2011 18:07 - 32 of 441

you are welcome bb

nice buys recently......

Date Time TradePrc Volume Trade PrcBuy/SellBidAskValue (approx)
17-Jan-11 16:31:52 2.30 2,500,000 Buy* 2.20 2.24 £57.50k Trade Type:
Delayed publication
Historical (date is not today)

14-Jan-1113:01:52 2.32 10,000,000Buy* 2.20 2.24 £232.00kTrade Type:
Delayed publication
Historical (date is not today)
Late reported

14-Jan-1110:01:11 2.33 8,000,000Buy* 2.20 2.24 £186.40k


kerrrrrrrrchinnnnnnnggggggggggggggggg!! soon!

cielo - 19 Jan 2011 09:53 - 33 of 441

Time to buy ...........

Fibonacci retracement 61.8% @ 2.07p
The Fibonacci retracement has been reached at 2.07p, and the strong bounce should be now on. 61.8% Fibonacci retracement is a powerfull point in charting

The calculations for that are 2.98p intraday high and 1.50p intrady low ( before rising)

Chart done on the 6th January



cielo - 19 Jan 2011 16:06 - 34 of 441

Is motoring now already 2.24p above yesterday's close

a more recent Fibonacci of today >>>>>>>>>

cielo - 20 Jan 2011 13:21 - 35 of 441

was strong at the start and now moving higher once again

spread 2.50 / 2.55p +0.325p

gibby - 20 Jan 2011 17:52 - 36 of 441

yep a satisfactory day - more to come imo
gl

skyhigh - 20 Jan 2011 20:35 - 37 of 441

Yep, held up well today! tomorrow?
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