http://www.ortacresources.com/


The Companys strategy is to utilise Ortacs 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 Ortacs 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.

good luck sky.

from otc www company website "estimate before the end of the year in excess of 1 million ounces gold equivalent."

The Company's initial project is the Kremnica Gold Project in Slovakia which has been reported to contain in excess of 1.5 million ounces gold equivalent.

+ the" additional precious metal development opportunities" et al

more kerrrrchinnnnnnggggggg!! imo

Sounds good.... RRR climbing ...rns released

good progress towards 2p+ this morning

The Bees have certainly been busy around this little hive,we may have a small dip with funds being trousered but as I said earlier spring is a fine time for Bees!!

The trousering has began in earnest but I am watching and buying.The next surge will take it through the 2p mark.

buys going through as sells.

Superb.

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...

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)

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,

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

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

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

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.....

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

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'

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

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

agreed bb - looking fwd to next week