A small mining company in Ireland, perhaps on the verge of signing a massive Silver deal over in Russia for a mine with C1/C2 reseves of 74m ounces, with today's silver price around $12.4 an ounce and with an expected price of $15 per oz after the silver ETF fund is up and running, this stock looks set for a break up, alot of buying interest over the past few days as most people are expecting this silver deal to be signed sometime this month, as the RNS from December indicated that the due diligence should be completed with 3-4 months.

See December RNS in post 2


Current silver price $12.41 per ounce,
Average Cash Cost of Production from the deal in Russia only $2.41 per ounce of silver


74,314,000 ozs of potential silver in this one deal alone.


check out their website to see their other major assets in both Sweden and Russia

http://www.ovocagold.com/


IMHO - currently one of the most undervalued companies on the market at the moment. Current share price is only 11 pence on the offer, I'm looking for 20pence towards the end of this month, with perhaps 30pence after institutes buy in, then a steady climb to about 50pence with all the up-dates from their other assets in both Russia and Sweden over this year. A definite long term hold.

seems to be lacking any direction at the moment would have through it would have risen in line with gold prices ????

The directors of Treasury Metals (TSX: TML), Ovoca Gold (AIM: OVG) and Strategic Natural Resources (AIM: SNRP) will be presenting: Thursday the 20th October 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/126

The presentations will start at 6:00pm and finish at approx 8:00pm. 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.

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