DAVY VIEW

Ormonde management has undertaken to re-invest the funds it secured on exit from the Barruecopardo tungsten project. This process is ongoing, but today’s news indicates that it is also looking at its earlier work on several gold projects in North West Spain. The initial takeaway by management is that it can build on several high-grade gold mineralisation zones already established. A positive gold environment and news flow factor suggest that this is a beneficial development for shareholders.