Flush with Cash to Pursue that Billion-Dollar Drill Hole with Orefinders CEO Stephen Stewart
b'CEO Stephen Stewart still believes Orefinders could one day deliver \\u201cthat billion-dollar drill hole.\\u201d In fact, that is why he negotiated a deal with Kirkland Lake Gold where they can earn up to 75% of Orefinders\\u2019 Mirado, McGarry and Knight projects in exchange for spending C$60M on these projects. Stephen believes this deal eliminates the dilution and financing risk for Orefinders\\u2019 shareholders while simultaneously increases the possibility of producing \\u201cthat billion-dollar drill hole.\\u201d
Orefinders is gold explorer with the third largest land package on the Ontario side of the prolific Cadillac break in Canada and is about to commence six to nine months of non-stop drilling at its projects. In addition to the tremendous discovery potential, the company has an approximately one million gold ounce resource (historic and NI43-101) at its three projects combined as well as three control block positions in three prospective junior miners. In this interview, CEO Stephen Stewart explains why the deal with Kirkland Lake Gold makes sense for Orefinders\\u2019 shareholders and how it better positions the company for a potential major gold discovery.
0:00 Introduction
1:17 Why ORX deal with KL makes sense
6:16 We\\u2019re designing our future drill programs with KL
9:38 ORX pace moving forwards?
10:51 How deal benefits both MIS & ORX shareholders
12:07 Increased odds of \\u201cbillion-dollar drill hole\\u201d
12:54 Huge inefficiency in how MIS & ORX are currently priced
14:23 Trading at only $10-12/AuOz in the ground
15:41 Possible risks
16:46 Next 12mos
Sponsor info:
Orefinders Resources: http://www.orefinders.ca/
TSXV:ORX OTC:ORFDF
Northern Miner issue about Eric Sprott\\u2019s investment in Orefinders: https://www.miningstockeducation.com/wp-content/uploads/2020/09/TNM-Mar-16-2020-FINAL-DE.pdf
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