Oromin Explorations Ltd OLEPF

OLE feasibility study and NPV.....

[tony1969]

Hey arlene.  First of all I am not pessimistic on OLE I am just realistic by using what I believe to be logical thinking.  I will give you two examples showing you why feasibility studies can and frequently are non events. Alderon Iron Ore just came out with a FS that yielded a value of $3.24 billion with a B.  Their market cap as of yesterday was $229 million.  I realize it is iron and not gold but the NPV is there. The other is Sundridge Gold.  They came out with a pre feas study last May with a vallue of $555 million.  Their market cap yesterday was $43 million.  What I am trying to say is thet the project is worth what a bidder is willing to pay and not necessarily what a FS yields in the NPV.  OLE can easily show a $700 million NPV if they use a high enough price for gold.  I believe $1400 can get them to that figure.

[Capharnaum]

OLE feasibility study will not be a non-event for two reasons: 1- Grandich will talk about it, which should bring more investor eyes into the stock. 2- The feasibility study should accelerate buyout talks, which aren't present for all other mining corp.

[tony1969]

I agree with your point cap as they will have absolutely nothing else to prove. I just think that you will get a small pop, some selling then we get the final move when a deal is made.>

[Goldfather]

good points Cap... and thats what i meant by it will signal the beginningof the end as it will prompt any Bidders to take a last look at Ole to Buy..... And  yes PG will jump on it, as we've seen he's had a real big affect on the sp w/ his Publicity.... but since this is still gonna take a while (several months for a b/o announcement), the FS jsut might not be a big impact on the

[arlene2]

Tony---I do understand your point re the difference in what  the project is worth and what a bidder is willing to pay......However , I believe that the value of Ole and what Ole's bidders are willing to pay will be influenced by a number of items including what price to pay for gold in ground......Gold in ground prices are in turn influenced by a number of items including grades of