GREY:OLEPF - Post by User
Comment by
falcon9on Jul 10, 2008 3:49am
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Post# 15276707
RE: anonymous
RE: anonymousThe Santa Rosa news is great great news........but people shouldn't expect anything near 5 million ounces on this, their first of many resource upates. 2 million ounces would be a grandslam homerun for me ......with that number to rise quickly with the ultra aggressive (and unheard of for a junior) 140 000 m drill plan for 2008.
5 million ounces wil come as the year progresses and numbers much higher into 2009..... until someone makes a run at taking over this company IMHO. Market cap and share price will appreciate accordingly.
The knockout blow (in terms of upwards share price) in the short term will be a good initial resource followed shortly after by a news release showing favourable drill results outside the three main zones.....Masato and the two Goloumas.
The chances of both happening are very high IMHO.
From the last news release on Senegal Gold.....
"To date, Oromin has completed five holes at Goumbati West, two holes at Sabodala North, six holes at Sekoto and five holes at the Niakafiri Southeast/Niakafiri Southwest targets. In addition, Oromin has initiated the drill-testing of two sub-parallel IP anomalies to the east of the Masato deposit. Results are pending for all the foregoing drill holes."
The Santa Rosa prospect is shaping up to be a wildcard with great upside potential.