Due to the immense volatility that is inherent in the world of mining stocks, from the point of view of forming a speculation thesis, it all comes down to risk vs reward.
The last time I covered Orezone Gold (OTCPK:ORZCF) in July 2018, the company was trading at C$0.80/share, having just released their updated Definitive Feasibility Study ([DFS]) for their Bomboré Gold Project, located in Burkina Faso. Worth noting, the spot price of gold was hovering around ~$1,240/oz at the time.
The Bomboré Gold Project
As a quick refresher, the Bomboré Gold Project