Oromin Explorations Ltd OLEPF

The latest 250 holes drilled not yet included....

[tony1969]

in resource update and feasibility study.  One would assume that after this many years of exploring the property, management would know where the greatest opportunities were as far as drilling the best holes. 

I am estimating 4 million M&I ounces give or take 250k ounces (3.75M oz to 4.25M oz) and .50 million ounces inferred give or take 150k ounces (350k oz to 650k oz) in the resource update.  Currently we have 3.32 million M&I and .46 million inferred.  Does anyone else have any guesstimates?

[Goldfather]

Tony, good stuff.... i think it'll be close to 4.2 mil indicated and 500 thou inferred, total 4.7 mil. Also think its appraised to other (african) similar comps construction ready,  w/o a Mill. ( not nevada, bc, s america etc) Buyers will pay its value, and he'll take it.....

[arlene2]

Tony---I believe that your numbers are certainly realistic although a tad conservative....I believe the M&I plus Inferred will be just over five million ounces...

[tony1969]

That would be a great Arlene.  In this environment who knows how the stock will react even with those numbers.  The AGM presentation states that there will be initial resource calculations for some of the newly discovered deposits in the resource update as well.  It should be intereting to see if they have the potential for another big deposit.  Thanks Arlene.