🕐10.01.12 - 10:54 Uhr

BUY NOTE FOR ORTAC RESOURCES LTD WITH 200% UPSIDE TO CURRENT TRADING PRICE



Hi there, Please find attached a BUY recommendation for Ortac Resources Ltd, the Slovakian focussed precious metals explorer/developer.

Broker Optiva Securities reworked its numbers on Ortac following the publication of its Scoping Study on the 100% owned Sturec deposit, which demonstrated a pre-tax NPV of $309 million and a life of mine revenue of $1.5 billion, posting a 12 month price target of 3.3p - 200% upside from the current trading price. Optiva stated that: "The year ahead is likely to be very active as potential drilling results and resource upgrades are revealed, and project milestones at �turec pursued.

With the share price languishing at around 1p, considerably less than our 3.3p price target, we therefore recommend Ortac Resources as a Buy." If you would like to discuss this update with Vassili Carellas, CEO of Ortac, please contact me to arrange. Many thanks, Susie [cid:image001.jpg@01CCCF7A.A8451080]






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