GREY:OLEPF - Post by User
Post by
tony1969on Feb 09, 2013 4:55pm
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Post# 20963602
Like it or not by now everybody and their....
Like it or not by now everybody and their.... mother and grandmother for that matter interested in african mining knows that OLE is in play. Because of this obvious fact so is TGZ. TGZ has the mill and OLE has the gold (by the way I just noticed that OLE's 900k ounce underground reserves are 4.52 g/t. That equates to 75% more as far as g/t than their total 2.335 milllion ounce reserve total of 2.59 g/t). That my friends is great even for underground gold.
I realize that underground gold is more expensive to mine but (when they get down to that gold) that grade will more than make this project economically viable as their is much more gold (4.52 g/t) per ton pulled. TGZ's reserves are not remotely close to that grade at surface (open pit) or underground.
Whether TGZ steps up and merges or buys out OLE or some major or mid tier buys them both is the only unanswered question OLE shareholders face.