Oromin Explorations Ltd OLEPF

Looking back at the BMO report....

[tony1969]

I noticed that for 2011 TGZ's mined grade was 1.87 g/t.  In 2012 it was 3.08 g/t.  For q1 2013 BMO projected that TGZ would produce 54k ounces at a grade of 2.25 g/t. They produced 68k ounces at a head grade of 3.31 g/t.  So not only are they cranking out more gold but they cannot be more obvious about their high grading.  I believe that they are basically depleteing their high grade gold in order to strengthen their financial position as much as possible before the transaction.  The writing is more than on the wall.  It is just a matter of when and not if and for how much.  The financial community sees what they are doing and has punished them accordingly.  I believe that it will be a very profitable company (TGZ runs a tight ship) once combined with the stability of an abundant mine life. Assuming gold stays around $1400 to $1500 and pruducing around 350k ounces in a year or so I can see them easily making $120 million profit or $.30 per share using 400 million shares outstanding.  Give them a historically conservative 6 or 7 PE multiple and you have a $2.00 stock.  With an extended mine life analysts will be able to calculate their earnings well into the future unlike what is happening to TGZ today.  Comments?