viewOriole Resources PLC

Stratex CEO says feasibility study provides solid base

Bob Foster, the chief executive of Stratex International (LON:STI), tells Proactive Investors the feasibility study completed at its Muratdere copper, molybdenum and gold property in Turkey is a ‘good base to understand the technicals’.

Foster says Lodos, the group’s joint venture partner which funded the study, has plenty of experience in leveraging ‘significant’ debt financing out of the Istanbul Stock Exchange.

The study indicated a life of mine net income after tax of US$57 million, an internal rate of return (IRR) of 16%, and a net present value of US$ 17.6 million. 

Quick facts: Oriole Resources PLC

Price: 0.355 GBX

Market: LSE
Market Cap: £2.74 m

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Capital Network analyst on Oriole Resources as it refocuses on Africa

Capital Network's Christopher Ecclestone discusses Oriole Resources PLC (LON:ORR) - an exploration company, operating in Africa and Europe but with some legacy exposure through investment in, and royalties on, the projects it incubated in Turkey since its listing in 2006. Oriole's focused...

on 04/18/2019

2 min read