Oromin Explorations Ltd OLEPF

charity

[bluestar]

maybe chet will not only lower his price to a ridiculous level but he will donate his share to charity. lol. those who think he will give this away after all these years should not be investing with real money. hang tight,we might be here a while.

[tony1969]

Hey blue come May at the latest they will sell to the highest bidder. Probably tgz. They cannot afford to prolong this situation on borrowed cash. They will take as much as the market is willing to give and participate in the eventual development of property. $.75 to $1.00 is still my guess.>

[SPACEDOC]

This post has been removed in accordance with Community Policy

[nailati]

Lots of great discussion, analysis, price targets etc. over the last couple years. IMO I think most of the numbers that have been presented are pretty accurate, it's the timing that needs to be qualified. The $1.00-$1.20 predictions are likely the most we will see the OJVG sell for in the SHORT TERM. However, whether combined with TGZ or through a different buyer (Randgold, IAMGold

[tony1969]

Hey natali I would take your $1.00 to $1.20 right away.  You are being way too conservative with your production estimate.  A combined TGZ/OLE can easily produce 300,000 plus ounces per year relatively soon.  TGZ alone will produce about 200,000 ounces in 2013.  Thanks natali.

[nailati]

Yes, you are correct Tony. I was just referring to OJVG which will produce close to 200,000 ozs in the first three years and 150,000 for the next 14 years.   Depending on how the buyout plays out will add ozs and/or synergies that will greatly enhance value.

[goldn1]

  Tony:   You buyout/merger price is down to .75-1.00? What is that $5-7 per ounce in the ground?     G1  

[tony1969]

$250 million gives you about $66 per ounce in the ground using M&I of 3.8 million ounces and about $52 per ounce if you include the 1 million ounces of inferred.

[goldn1]

  thanks, i meant 50-70, not 5-7...