Oromin Explorations Ltd OLEPF

Our twin(V.GUY)

[couples4]

I dream of their FS:(Guyana goldfields)

     Highlights of the Study

Financials @ 5% Discount Rate
Gold Price (base case)	US$1,300/oz
Production Start Date	Q1 2015
Mine Life (LOM)	17 years
Average Mill Throughput (initial)	5,000 tpd
Average Mill Throughput (extended)	10,000 tpd
Mine Depth	1,037 metres
Strip Ratio	4.7:1 (waste to ore)
Average Gold Grade (mill head)	2.7g/t
Gold Recovery (saprolite)	97%
Gold Recovery (fresh rock)	94.4%
Average Annual Production (LOM)	194,000 oz/yr
Average Annual Production (first ten years)	231,000 oz/yr
Peak Production (year 2020)	349,000 oz
Total Gold Production (Recovered Gold)	3,291,000 oz
Average Operating Cash Cost w/Royalty (LOM)	US$527/oz
Initial Capital Cost	US$205 Million
Pre-Tax NPV	US$1.12 Billion
After-Tax NPV	US$800 Million
IRR (After-tax)	38%
Payback (After-tax)	3.4 years

About the same grades,our 2010 FS said 196,000 oz/yr ,291MM capital costs,36,3% IRR,409$cash costs and 3 years pay back at 1200$ gold price...Today at the close(4,13$),they have a capital market of 400MM,and TD just upgraded the target to 10$....Do the math guys, don't forget our numbers are for the 2010 FS,and are not included  the  figures from the latest resources update...

[couples4]

Better and better:the 2010 FS did mention a 2 years pay back at 1200$...sorry,but it's kind of mistake i'm happy to do...!!

[arlene2]

couples4-----Thank you for the info....Great Post....    What would your guess be for a Ole buyout if it took place in the March 2013 timeframe??   ( I think Roadking believes around $1.50  but not really sure)

[couples4]

Pure speculation until the revised faisability study