Orofino Gold Corp: will it be the next Ventana?
HONG KONG, May 19 /PRNewswire-FirstCall/ - Orofino Gold Corp. (PINK OTC: ORFG) ("Orofino Gold" or the "Company") has several gold properties in Colombia, a current hot spot of gold production in the world markets.
Geologically it looks the same and local well informed geologists say its model is bigger, broader widths and longer strike.
Ownership of gold and silver - along with quality precious metals mining shares - is becoming one of the hottest investments on the planet.
The early adopters, who wisely purchased their positions before the masses come, will sleep well at night while others fret and worry as they watch the purchasing power of their savings evaporate like water in the desert.
Gold offers a safe way to hedge against these falling fiat currencies (backed by faith and nothing else).
But for a little more leverage - and a lot more profit potential - invest in a junior gold stock.
The opportunity looks like this... Orofino Gold Corp. with 1 million ounces; the share price would be with (80,000,000 shrs out) 1 million ounce at a conservative $1,000 = $1 billion divided by 80 million shares = $12.50/share (Orofino has only 60,000,000 shrs. outstanding now)
2 million ounces (100,000,000 shares) = $2 billion divided by 100,000,000 = $20/share 4 million ounces (110,000,000 shares) = $4 billion divided by 110,000,000 = $36/share
It is reasonably believed that the five plus high grade producing gold targets will produce 1+ million ounces each and with silver and copper credits the formulae above would be conservative.
Forward-Looking Statements
The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business.
Words such as "expects," "anticipates," "intends," "plans," "believes," "sees," "estimates" and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere.
The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
SOURCE Orofino Gold Corp.
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