GREY:OLEPF - Post by User
Comment by
figtraderon Sep 02, 2010 7:45pm
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Post# 17410445
RE: RE: where do the Saudis fit in this scenario?
RE: RE: where do the Saudis fit in this scenario?the deposit is right on MDL's doorstep....big oz within 3 km of the plant already.
The price equivalent for gold in ground should be well over $200, maybe $250.
The Saudis will never agree to less in a buyout.
OJVG is a partnership with Oromin and Bendon!
If they stick together and keep proving up the resource beyond 4 m, the value of the deposit will soar ....and their combined bargaining power in any buyout or swap for Newco shares into a company that includes Newco and OJVG.
That's what I hope for anyway. THEN we can get another boost when IMG, Barrick, Randgold, Kinross decide to buy.
Time will tell.