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Wake UP INVESTORS...24p/share target price and BUY recommendation.Ormonde (ORM)     

katcenka - 05 Dec 2005 17:51

Ormonde Mining La Zarza Results Bolster

Monday, December 05, 2005 5:22:34 AM ET
Dow Jones Newswires



0904 GMT [Dow Jones] Ormonde Mining's (ORM.DB) results from La Zarza in southern Spain should support the stock, says Seymour Pierce. "We view this as a further positive step on the path to the development of La Zarza, and reiterate our buy recommendation on Ormonde with a 24p target price." Trades +3.7% at 9.9p. (DWE)

http://www.newratings.com/analyst_news/article_1149090.html

ORM - Ormonde Mining

Latest Prices
Name Price %
Ormonde Mining 10.53p +10.50%

FTSE AIM All-Share 1,015 -0.07%
Mining 11,934 -1.71%

LONDON (SHARECAST) - Ormonde Mining has reported positive test results from the La Zarza Gold-Copper Project in southern Spain.

The group said a total of gold recovered from saleable floatation concentrates and gold recovered from pyrite concentrates should be higher than originally targeted.

"The unexpected recovery of a significant proportion of the gold by standard flotation to copper and lead concentrates is a very positive development which gives the company considerable confidence in the testwork programme
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=584019

all this news and harldly any buying... amazing, either the market is asleep, or people are just plane mad missing an easy opportunity like this

optomistic - 05 Dec 2005 19:03 - 2 of 78

Another thread on the same company katcenka! you must have a large interest, quantity.....?

katcenka - 05 Dec 2005 22:28 - 3 of 78

Bloomberg is all over this one... they seem to be very excited... cant blame em, I am very excited about this too

http://www.bloomberg.com/apps/news?pid=10000102&sid=a.EL0GjwNvWE&refer=uk

http://www.bloomberg.com/apps/news?pid=10000102&sid=a5H9dFBfNFs4&refer=uk

http://www.bloomberg.com/apps/news?pid=10000102&sid=awjeQEFzi7JY&refer=uk

UK Stocks Fall, Led by BSkyB, BOC Group; Virgin Mobile Surges
Bloomberg - 4 hours ago
... Ormonde Mining Plc, an Irish mining company, rose 14.3 percent after it said it has ``positive'' results from gold recovery tests in Spain. ...

UK Stocks Fall, Led by BSkyB, Vodafone; Virgin Mobile Surges
Bloomberg - 7 hours ago
... 2. Ormonde Mining Plc, an Irish mining company, rose as much as 7 percent after it said it has ``positive'' results from gold recovery tests in Spain. ...

Snap: Ormonde announces positive gold results
ShareCast, UK - 10 hours ago
LONDON (SHARECAST) - Ormonde Mining has reported positive test results from the La Zarza Gold-Copper Project in southern Spain. ...

FTSE 100 Falls, Paced by BSkyB, Vodafone; Virgin Mobile Surges
Bloomberg - 10 hours ago
... Ormonde Mining Plc, an Irish mining company, rose as much as 7 percent after it said it has ``positive'' results from gold recovery tests in Spain. ...

katcenka - 05 Dec 2005 22:33 - 4 of 78

Ormonde Spain results 'big step'

December 05, 2005 11:32
Exploration company Ormonde Mining says tests at its La Zarza gold and copper project in Spain show that it can achieve its targets for recovering gold.

'This is an early but very significant step towards proving the viability of the La Zarza project,' said managing director Kerr Anderson.

The tests show that up to 60% of the gold can be recovered by standard flotation procedures.


'With gold breaking $500 per ounce, and now preliminary evidence that both gold and copper recoveries are up to best expectations at La Zarza, Ormonde looks significantly undervalued,' said Davy analyst Job Langbroek.

http://www.rte.ie/business/2005/1205/ormonde.html

stockbunny - 06 Dec 2005 09:42 - 5 of 78

Opto - think you need to repost your question, it's got lost in the news reports.
:>)

mickeyskint - 06 Dec 2005 09:48 - 6 of 78

And the same again here

stockbunny - 06 Dec 2005 09:49 - 7 of 78

Well if there's 2 threads, one may be seen and a response may come....
;>)

Kivver - 06 Dec 2005 09:55 - 8 of 78

its 10p kat, still failing spectularly i see but eh if it does reach 24p i'll be the first to congratulate you.

optomistic - 06 Dec 2005 09:56 - 9 of 78

Must allow time for an answer to be constructed.
edit: will add to that. Anyone pushing a share so much must have an interest in the stock. Why else should anyone encourage people to go into a company, particularly such a little known one. Will you be around to compensate 'investors' if the company goes belly up?
I repeat respectfully what commitment do you have to support your recommendation?

stockbunny - 06 Dec 2005 09:57 - 10 of 78

;>)

katcenka - 06 Dec 2005 09:57 - 11 of 78

its amazing they find gold, and no one is interested in these... really quite bizzare

stockbunny - 06 Dec 2005 10:01 - 12 of 78

good morning - so you have a holding in these yourself Katcenka?

optomistic - 06 Dec 2005 10:04 - 13 of 78

Will bring this ttt;
Anyone pushing a share so much must have an interest in the stock. Why else should anyone encourage people to go into a company, particularly such a little known one. Will you be around to compensate 'investors' if the company goes belly up?
I repeat respectfully what commitment do you have to support your recommendation?

katcenka - 06 Dec 2005 10:04 - 14 of 78

not sure, I really cant remember.... ;-)

katcenka - 06 Dec 2005 10:05 - 15 of 78

opt look a the rns, and look at the brokers buy recomendation, not one but two brokers...

stockbunny - 06 Dec 2005 10:06 - 16 of 78

Hey opto fancy a cup of tea?

optomistic - 06 Dec 2005 10:07 - 17 of 78

Two brokers, now that does surprise me!

katcenka - 06 Dec 2005 10:21 - 18 of 78

someone in irelands just bought 400k... smart money I would say

Confidant - 06 Dec 2005 10:29 - 19 of 78

They found gold a long time ago -- this latest news just looks at recovery rates

They have c1m oz in the ground around Spain so not too bad but still some way from getting it out. Small mkt cap means little interest and until they get an independent report saying "it's worth this much..." it will trade well below any potential value

Basically it looks cheap but it has done for more than a year. There is some drilling in other areas likely to provide incremental upside. Newsflow to be steady/good rather than dramatic/exciting

Fact is there are 30 or so other stocks like this in oil or metals. This one I must admit looks both better than most and more overlooked

Good for some medium term return of 50 -150% from here but no reason for a straight jump to 24p as the earnings are still years away

katcenka - 06 Dec 2005 10:31 - 20 of 78

if you read the broker notes, it says very undervalued... i.e. when they do get to know the true value, it will be much more than 24p

Confidant - 06 Dec 2005 10:46 - 21 of 78

But they said this in August too....

katcenka - 06 Dec 2005 10:50 - 22 of 78

No they didnt, they only had zinc in august... read the RNS, the gold is a bonus!!!

Confidant - 06 Dec 2005 11:07 - 23 of 78


A broker called Davy had a note out 25th August highlighing the La Zarza gold copper resource and having a price target of 24p. The gold is not a bonus . See operational report in last interims -- it is what these guys are about

katcenka - 06 Dec 2005 13:56 - 24 of 78

2 buys at 5.9mil from yesterday just reported... bleeding heck... wow!!!

zippy dee doo dah

katcenka - 06 Dec 2005 14:29 - 25 of 78

come on up up up

Kivver - 06 Dec 2005 15:02 - 26 of 78

WELL DONE kat up a massive 1% so far looks like your starting to turn the corner.

Kivver - 06 Dec 2005 15:04 - 27 of 78

oh sorry 1.19%

Confidant - 08 Dec 2005 15:21 - 28 of 78

Nice grant from the Spanish tax payer

Don't expect quick move to the 24p target as put out, but more drilling results in two other areas in Spain are due in next few weeks

Kivver - 08 Dec 2005 15:29 - 29 of 78

Hi c'mon give kat a chance with the 24p, he/she has got to get one prediction right (ok i admit every single one completely wrong so far but never give up).

Confidant - 08 Dec 2005 16:04 - 30 of 78

True, but i think he must be at his day job taoday otherwise we would have seen a few bulletins about this already -- on this and most other threads

Kivver - 08 Dec 2005 16:07 - 31 of 78

lol, a bit like the 5 TFC threads he/she is running.

katcenka - 08 Dec 2005 23:28 - 32 of 78

sorry I was concentrating on CDG... GME next on the cards.. TFC cant be far away

Confidant - 09 Dec 2005 09:23 - 33 of 78

There she blows





katcenka - 09 Dec 2005 22:20 - 34 of 78

not quite yet confidant... but nearly

Oakapples142 - 24 Apr 2006 14:27 - 35 of 78


Looking good to-day - Like "Kat" I am licking my lips.

bb123 - 25 Apr 2006 22:54 - 36 of 78

The Times April 25, 2006


Smaller stock to watch


Ormonde Mining gained 2p to 17p after it gave estimates for its La Zarza project in Spain. The mining group said that its latest estimates showed indicated reserves of 85,000 tonnes of copper and 486,000 ounces of gold. Analysts at Seymour Pierce said that the estimates only extend to 500 metres and that there remains scope for the AIM-listed company to explore at greater depths.

kaysmart - 02 May 2006 08:38 - 37 of 78

An excellent update this morning.....

Ormonde Mining PLC
02 May 2006

Ormonde Mining plc


Ormonde Extends New Salamanca Gold Zone to 2.5 Kilometres


DUBLIN & LONDON: 02 May 2006 - Ormonde Mining plc ('Ormonde' or 'the Company')
reports further positive exploration results obtained from the Salamanca Gold
Project in western Spain, where it is earning a 90 per cent interest. New
sampling has significantly increased the extent of a gold geochemical anomaly
reported in January 2006, which the Company believes could represent a large,
near-surface bulk-tonnage gold target.




HIGHLIGHTS


The previously reported gold anomaly has been extended by a further 1
kilometre, giving it a total length of 2.5 kilometres.


The width of the zone increases from around 200 metres to a maximum of 500
metres.


Of 50 new rock samples collected, 36 (72 per cent) returned grades greater
than 1 gram per tonne ('g/t') gold, with best results of 58.4, 39.9 and 37.4
g/t gold.




Kerr Anderson, Managing Director, said today,


'With this new extension the gold anomaly has got bigger and better and I
believe that we have identified the geochemical footprint of a near-surface bulk
tonnage gold target. Initial drilling during the summer months will test the
overall grade across this extensive zone, but at this early stage the size and
continuity of the anomaly are very impressive.'


'With Salamanca demonstrating very distinct potential, together with La Zarza we
now have two very strong projects to take the Company forward.'

lanayel - 02 May 2006 16:27 - 38 of 78

Looks very promising.

;o)

Oakapples142 - 02 May 2006 16:45 - 39 of 78


Nice little earner - made 23% in 10 days - me think I will be back.

robertalexander - 08 May 2006 09:16 - 40 of 78

prelim results out today, sounds like this year could be a good one for ORM if the prices of the minerals stay high

TheFrenchConnection - 18 Aug 2006 05:31 - 41 of 78

Amities /....... Sat watching these for over two years and been in and out a few times but as a trader buying in large tranches { 1m+ ) and selling on small movement . Excellent news reg copper/ gold reserves being revised upwards; But far from being merely a copper/gold play its a prolific silver play . l cant think of many open cast silver mines outside Latin Americas and parts of Subsaharran AFRICA that are juste sitting there !! At its current price and its amazingly positive drilling statements reg Au,l bought a considerable amount in ORM as an investment .l notice MAN grp increased thier holding a day or so ago . ....Reg: Silver - lts a dual play .! . Chinas demand & consumption alone has lNCREASED a tad shy of 24 % year on year since 1999 with which to feed thier highly lucrative "hi-tec " electronics industry.That is quite astonishing . Gone are the days with China producing heavy labour intemsive products like tractors and millitary hardware and so forth ,,,The .ELECTRONICS sector contributes unkown wealth to Chinese coffers and will do for many years . And silver is USED IN EVERYTHING with a cicuit board as a constituent .Can anyone tell me of an electronic gadget without silicon cicuit board ? ..... . And while the American continue thier obcession-like mentality to buy all thier plasma TVs and gizmos China will continue want silver ! Juste as much as GOLD !!........and many of ORM s sites have proven huge silver deposits . .................ln addition silver has intrinsic value !! $ 13/14 p/oz recently. ..Low gearing reg coupled with figures of over 350g Au p/t makes ORM worthy of a quick lookover. ........@+ J........Another GFM in the making ?

Confidant - 24 Aug 2006 15:45 - 42 of 78

Moving on up --- have the Irish got some info ?

Or is it a top tip in tomorrow's mags ?

fliper - 20 Dec 2006 13:57 - 43 of 78

3 x 10 mil trades , buy or sell ? looks like a sell

Andy - 25 Jun 2008 21:02 - 44 of 78

New article, click HERE

chessplayer - 16 Sep 2010 07:54 - 45 of 78

This small tungsten miner (9.8m cap) is reccommended in todays' Shares as a buy.
They reckon it may become an investor favourite.Currently priced at 5.1p,
Any views out there?

ravey davy gravy - 16 Sep 2010 08:06 - 46 of 78

Depends how much the punters want to chase it.

They normally go nuts for these stocks but as i hold i expect it to drop
again later, they never seem to rise 100% when i hold them :-))

chessplayer - 16 Sep 2010 08:15 - 47 of 78

Exactly so,I was looking to buy first thing,but the asking price was already up by a quarter,so decided to pass.
Looks a good bet however to keep tabs on.

TheFrenchConnection - 16 Sep 2010 09:18 - 48 of 78

have held a few of these for years off and on -now looking to get in again-but not while its sitting on that spike.Had i not been preoccupied with other matters i would have bought when chart ema s s showed it to be a technical buy at 3.75 and underlined that fact most strongly at a tad shy of 4p .......

chessplayer - 16 Sep 2010 09:32 - 49 of 78

Shares makes its case for the stock based largely on Chinas' demand for tungsten.

TheFrenchConnection - 16 Sep 2010 09:42 - 50 of 78

i believe so cp - seems very volatile - began day with offer of 5.75 and went to 6.50 on low volume -now offering at 6.0 ......hmmm ...ill watch this one...

chessplayer - 16 Sep 2010 12:45 - 51 of 78

Study suggests major cash flows for Ormonde tungsten project
StockMarketWire.com
Ormonde Mining says an independent study by consultants Scott Wilson indicates substantial net cash flows from open-pit mining at its Barruecopardo Tungsten Project in Spain.

The report suggests the optimum approach in the initial 10-year period would be by open pit at a design production capacity of 0.5m tonnes a year, an increase of 25% on previous estimated initial production rates.

It says the base case project is capable of generating 9.3m a year of averaged pre-tax operating cash flows for 10 years at the current tungsten price.

MD Kerr Anderson said, 'This is an excellent outcome for Ormonde Mining. The results have exceeded our expectations both in terms of net cash flow projections and the life of the open pit portion of the project.

'The study supports the directors' view that Barruecopardo would be amongst the largest producers of tungsten in the world outside of China, with real potential to further increase production rates post start-up.'

Story provided by StockMarketWire.com


I just checked out tungsten prices.-currently about $29. a kilo and is on the rise.
The expectation will be to mine .5 million tons a year.
At $29,000 a ton ,we are talking about $14,500,000,000. ($14.5 billion)

halifax - 16 Sep 2010 13:34 - 52 of 78

cp RNS says current tungsten price is $245 per metric ton, too many zeros!!

chessplayer - 16 Sep 2010 14:25 - 53 of 78

Thanks Halifax,what I picked up was the price of pure tungsten bars, so that makes .5 mill tons about $125. mill. '

moneyplus - 27 Sep 2010 20:41 - 54 of 78

I bought into this one today as it is coming to life! Looks as though the tungsten is pushing the sp up or good news coming.

chessplayer - 27 Sep 2010 20:57 - 55 of 78

Up over 1/3 in 10 days.
At the time of teir recommendation,Shares felt this tiddler could become a big winner--right so far.

chessplayer - 28 Sep 2010 07:34 - 56 of 78

Ormonde Mining plc

Interim Results for the Six Months Ended 30 June 2010

DUBLIN & LONDON: 28 September 2010 - Ormonde Mining plc, the Spain-focused development and exploration company, is pleased to announce its unaudited interim results for the six months ended 30 June 2010.

Highlights:

Barruecopardo
Barruecopardo mineral resource upgraded to 11 million tonnes of 0.45% WO3, with 60% of the resource now in Indicated status

Scott Wilson Mining study demonstrates increased production rates, a 10 year open pit prior to underground mining and very robust economics

Tungsten price continues to rise due to increasing supply side constraints.

La Zarza

Antofagasta opts to continue to fund exploration in the joint venture and applications submitted for further exploration permits.


Michael Donoghue, Chairman of the Company, commented today,


"The Company has made significant strides over the first half of the year: the independent Study on our tungsten project in Spain has been very encouraging both on an economic and technical level and we will now press forward with advancing the project towards production as rapidly as possible. The decision by Antofagasta to continue to fund the joint venture at La Zarza is also very encouraging".
Enquiries to:

Ormonde Mining plc

Kerr Anderson, Managing Director,
Tel: +353 (0)46 9073623
Bankside Consultants

Simon Rothschild / Louise Mason Tel: +44 (0)20 7367 8888 Mobile: +44 (0)7703 167065
Davy (Nominated Adviser & Joint Broker to Ormonde)

Fergal Meegan/Roland French Tel: + 353 (0)1 6796363
Fairfax I.S. PLC (Joint Broker)

Ewan Leggat/Katy Birkin Tel: +44 (0)207 598 5368

CHAIRMAN'S STATEMENT
OPERATIONAL REVIEW

I am very pleased to be in a position to report that we have made significant progress on all fronts during 2010 and we now are entering a period where we expect to move Barruecopardo towards the final engineering design phase with a view to development of a mining operation in 2012. Progress at our La Zarza project has also been very satisfactory with Antofagasta electing to continue to fund expenditure on this joint venture.

Barruecopardo

A significant mineral resource upgrade was completed in May, with both a doubling of the resource to 11 million tonnes at 0.45% WO3 (JORC-compliant) and the upgrading of 60% of the resource from Inferred to Indicated status. Following this, the Company engaged consultants Scott Wilson Mining to carry out anindependent technical and economic Study, with an emphasis on the initial years of a mining operation. The results of this Study show that the optimum approach to mining in the initial 10 year period, based solely upon current Indicated Resources, would be by open pit at a design production capacity of 500,000 tonnes per annum, an increase of 25% on the previously estimated initial production rates. The Board regards the Study as very encouraging, not only in terms of an improved production rate, but also due to the assessment that the project would support an open pit operation for ten years prior to the development of an underground mine.

At current tungsten prices, this Base Case is capable of generating Euro 9M per year of averaged pre-tax operating cash flows for 10 years; rising to Euro 14M per year at the higher tungsten prices suggested by commodity analysts, who forecast a tungsten market supply deficit in the next few years. The initial capital cost for the Base Case is Euro 30M. The Study also considered the possibility of further increasing the open pit production rate to 800,000 tonnes per annum for 10 years (Expanded Case) by the inclusion of the Inferred Resources. This could result in the project generating Euro 16M per year of averaged pre-tax operating cash flows at the current tungsten price.

These cash flows, relative to the low capital cost, would support a high level of debt financing for the capital development stage of the project. Your Company is advancing its discussions with both concentrate off-take end-users and various banks with a view to putting in place an appropriate mix of debt, off-take contracts and possibly a component of joint venture/equity funding, when the engineering design phase and permitting has been completed.

The Scott Wilson Study considered only material that could be mined by open pit in the first 10 years of an operation. Your Company anticipates that mining would be continued by underground methods post completion of the Base Case 10-year open pit, to provide for a long life mine.

Drilling is resuming on site, focussed on infilling between the relevant previous drillholes, and work on the engineering design phase is scheduled for 2011, with the objective of bringing a mining operation into production by late 2012.
La Zarza

Exploration activities at La Zarza, through the joint venture with Antofagasta Minerals, proceeded during the first half of the year with drilling, geophysical surveying and work on a revised structural interpretation for the massive sulphides. This work formed the basis for a new global resource estimate (non-JORC compliant) of 61M tonnes, grading 0.8% copper, 0.9g/t gold, 0.6% lead, 2.0% zinc and 5.7g/t silver. This resource includes a much smaller but higher grade copper and gold "Silicatado" resource, which was the subject of Ormonde's earlier studies. Encouragingly, after completion of its first year expenditures, Antofagasta has opted to continue to fund exploration on the joint venture.

Ormonde has submitted applications to the provincial mining authority for additional permits covering the strike extension of the La Zarza system and controlling structures. These permits are to be included in the Joint venture and work programmes will be extended over the new permit areas.


Salamanca Gold Properties

While the Company concentrates its funds and resources on progressing Barruecopardo to production, the Board is at the same time anxious to advance exploration of its highly prospective gold properties in Salamanca. With this in mind, the Board commissioned an independent report on these properties by CSA Global Pty Ltd. The report concluded that the properties incorporate all the major features of classic intrusion related gold systems, which host a considerable number of large scale, lower grade, gold mines in various parts of the World.

The Board concluded that the best way to advance the work programmes on these gold properties, as recommended in this report, would be through third party funding via a joint venture. Expressions of interest have been received from several parties and these are being pursued.
CORPORATE

Ormonde's operating loss for the period was 258k (242k for the 6 months to June 2009), which reflects a continued containment of administrative expenses. We raised 726k (net of expenses) through a placement at the end of June for the Company's activities on Barruecopardo and general working capital purposes.

Looking ahead, the favourable outlook for the tungsten market, as the supply-demand situation tightens, is underpinning a strengthening of the tungsten price, and I believe the prognosis for the future of tungsten producers is very positive. Against this backdrop, work on Barruecopardo has yielded very favourable technical and economic results. We intend to move this project forward as rapidly as possible to become a major tungsten producer,

In closing I would like to welcome Fairfax as our joint broker with Davy. This additional mining research and marketing capability in the London investment community will be of great benefit to your Company as we progress forward.

Michael J. Donoghue

Chairman

28 September 2010

chessplayer - 28 Sep 2010 07:53 - 57 of 78

Here are broker Faifax comments from 6 Sept.

Fairfax Securities mining veteran John Meyer said that Ormonde Minings (LON:ORM) Barruecopardo tungsten project represents one of the highest grade, lowest capital cost undeveloped tungsten projects, and the project has the potential to become one of the largest Western World producers.

In its initiating coverage, Fairfax described Barruecopardo as a rare asset that could become of strategic importance to the European Union - which recently classified Tungsten as a critical raw material.

According to Fairfax, a forecast tungsten market deficit could push prices back to the peak levels, last seen in 2005/6, of just under $300/mtu.

The analyst initiated its coverage with 11p target, which it based on a conservative NPV (Net Present Value) of Barruecopardo. Fairfax highlighted that the resource also remains open along strike and at depth, and there is potential for post start-up production rates of up to 800ktpa

moneyplus - 28 Sep 2010 11:12 - 58 of 78

Thanks chessplayer. Is it correct that this is the only quoted tungsten producer on the lse?

chessplayer - 28 Sep 2010 11:39 - 59 of 78

I couldn't say.I notice that Thor mining is listed on Aim.
market cap of 6 million I note that they are up by 50% since the beginning of this month.(currently at 1.55 p)

chessplayer - 30 Sep 2010 11:04 - 60 of 78

Down this morning,but looks to be a lot of buying.(6.38 down.38)

chessplayer - 05 Oct 2010 12:40 - 61 of 78

The afore mentioned Thor Mining has jumped 29% today to 2p.
Mind you,the bid offer spread is a big one.

chessplayer - 11 Nov 2010 07:44 - 62 of 78

Thursday 11 November, 2010Ormonde Mining PLC
Tungsten Progress
RNS Number : 9941V
Ormonde Mining PLC
11 November 2010
Ormonde Mining plc

("Ormonde" or "the Company")
Progress on Barruecopardo Tungsten Project

The Board of Ormonde is pleased to report ongoing progress on its Barruecopardo Tungsten Project in Salamanca, Spain, following the Technical and Economic Review and Optimisation Study ("the Study") carried out by Scott Wilson Mining ("Scott Wilson") and reported in mid-September.

Main Points
Drilling in progress to include upgrading of relevant parts of the Inferred Resource to Indicated status and facilitate a definitive open pit design.

Environmental studies, a key component of the supporting documentation required for permitting at Barruecopardo, now well advanced.

Work is underway on the definitive technical-economic evaluation programmes required to advance the project through to the engineering design stage.

Kerr Anderson, Ormonde's Managing Director, said:
"The resumption of drilling and the progress on both permitting works and the technical-economic evaluation programmes form important steps in our timetable to deliver initial production at Barruecopardo by late 2012.

Tungsten prices continue to strengthen due to further supply shortages, with the European APT price now quoted as US$280-286 per metric tonne unit (mtu), a rise of almost 30% in the past six months. These are very exciting times for the Company and we look forward to reporting progress and developments at Barruecopardo over the coming months."
Following a review of the open pit optimisation completed by Scott Wilson in September, drilling resumed at Barruecopardo in October with an infill programme designed to reduce the drill spacing and upgrade relevant parts of the open-pittable portion of the Inferred Mineral Resources to Indicated status. Initial holes are being drilled on the southern part of the deposit, progressively moving north, and results will be reported as appropriate as the programme proceeds. This drilling programme is scheduled to be completed in February next year.

The Base Case open pit optimisation study was carried out only on the Indicated portion of the current resource and encompassed 3.9 million tonnes of resource with an average life of mine grade of 0.43% WO3. The Scott Wilson report indicated that, at an open pit production rate of 500kt of ore per year for an initial mine life of 10 years, this would yield averaged production of 155,000 mtus of WO3 per year in concentrate, resulting in net operating cash flows of 9.3 million to 13.7 million per year at tungsten APT prices of $245 and $290 per mtu, respectively.

In addition to drilling, environmental works, a key component of the supporting documentation required for permitting at Barruecopardo, are now well advanced. Incorporation of the preliminary results from these studies with details of the proposed mining operation, as provided by the Scott Wilson Study, will form part of the initial permitting documents.

The final stage of testwork has been agreed with our metallurgical consultant to facilitate the design of the "clean-up" circuit configuration for the processing plant. The detailed processing design work will proceed thereafter and selection of appropriate engineering firms to carry out this work is in hand.

Selection of an appropriate mining consultancy to finalise the open pit designs will proceed as soon as the infill drilling has advanced adequately.
Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde Mining plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, February 2007, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement.
A glossary explaining technical terms contained in this announcement can be found at www.ormondemining.com/en/investors/technical_glossary.
Enquiries to:
Ormonde Mining plc

Kerr Anderson, Managing Director Tel: +353 (0)46 9073623
Bankside Consultants

Simon Rothschild / Louise Mason Tel: +44 (0)20 7367 8888 Mob: +44 (0)7703 167065
Davy (Nomad / ESM Adviser)
Fergal Meegan/Roland French Tel: +353 (0)1 6796363
Fairfax I.S. PLC (Joint Broker)

Ewan Leggat/Katy Birkin Tel: +44 (0)207 598 5368

skyhigh - 30 Dec 2010 10:13 - 63 of 78

Hopefully 2011 will see the SP make big gains. I'm still in and will hold for a good while longer,

Anyone else still in?

skyhigh - 30 Dec 2010 17:12 - 64 of 78

Nice tick up today and looking good methinks!

required field - 11 Jan 2011 20:33 - 65 of 78

Doing rather well at the moment....lots more to come.....

skyhigh - 11 Jan 2011 21:04 - 66 of 78

Yep! It's looking good. I'm now 55% up and holding for the long term

Shoul hear something soon ......drilling programme is scheduled to be completed in February this year and production due late 2012....

skyhigh - 13 Jan 2011 19:59 - 67 of 78

13th January 2011

Shares Magazine today....

Mining group, Ormonde, is in the final stages of developing a lucrative tungsten deposit in Spain. Tungsten should prove to be a popular commodity in 2011 as it is used in machine tools and hardening steel. Riding on the back of a large profit made from gold in recent years, the shares have already yielded a massive return of 93.7%. The switch to tungsten mining, given the increasing demand, should see the group enjoying continued success. Buy now at 9.88p.

required field - 17 Jan 2011 09:27 - 68 of 78

I reckon that 20p is coming.....steady rise....and big ...big potential here....

darreng10000 - 03 Mar 2011 10:08 - 69 of 78

Tungsten assays cheer Ormonde

http://www.growthcompany.co.uk/news/1606618/tungsten-assays-cheer-ormonde-.thtml

skyhigh - 03 Mar 2011 22:36 - 70 of 78

Yep...looking good again...hoping this can do a BAO!

Andy - 13 Mar 2011 18:04 - 71 of 78



The directors of Aminex (LSE: AEX), Ormonde Mining plc (AIM: ORM) and Metminco (ASX, AIM: MNC) will be presenting: Wednesday the 16th March 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/103

If you have any problems registering or queries please email events@proactiveinvestors.com.

Bullshare - 29 Sep 2011 13:13 - 72 of 78

This is a Shares and MoneyAMs new quarterly publication covering the world of Oil, Gas and Mining companies. The latest edition is out today and can be viewed as a page flip or a pdf download at www.mrqonline.co.uk

Features on:

Silver
Copper
Platinum

Companies Featured in this issue:

African Eagle
Ariana Resources
GGG Resources
Ithaca Energy
Ormonde Mining
San Leon Energy

skyhigh - 13 Oct 2011 20:06 - 73 of 78

Orm still looking good for good gains over the next 6 months (imho) >>> I bought a few more last week!

skyhigh - 28 Oct 2011 00:02 - 74 of 78

More good news released earlier this week.....good bet for x3 or 4 bagger from here(imho)

skyhigh - 04 Feb 2012 15:32 - 75 of 78

SP strengthening.. lots of news to come good story developing here

js8106455 - 31 May 2012 17:09 - 76 of 78

I came across this interview with the MD, Kerr Anderson of Ormonde Mining.

Its an interesting listen:

http://www.brrmedia.co.uk/event/98349/kerr-anderson-managing-director

skyhigh - 05 Dec 2012 19:47 - 77 of 78

Gone back in today

skyhigh - 13 Aug 2013 18:25 - 78 of 78

This has perked up a bit...more to come?
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