Oromin Explorations Ltd OLEPF

Every cloud has a silver lining.....

[tony1969]

except the one hovering over OLE. Seriously, I do see a silver lining in all of this.  First of all the environment the junior exploration market is in right now is probably close to a generational low. The relentless selling has been constant until yesterday. This is obviously not the time to get a fair price for Oromin.  Chet knows this and is willing to wait for a sector recovery.  Secondly, and in my opinion more important is the fact that we will soon be able to see OLE's resource estimates.  The company emailed us the Mackie report so we know that they are comfortable with ounces in excess of 4.5 million and reserves of at least 2 million ounces.  Say what you want about the supposed bidders already knowing the ounces or the belief that official resource estimates are not as important as one might think. I believe they are. The more ounces Oromin can put behind the "NI 43 101" certification, the more legitimacy the property will get for current and potential interested parties.  There may be interested buyers that are waitng on these figures to make a decision. Being that their two goals this year are the resource update and the feasibility study, we can bet that they will report every single ounce they legally can and then some.  Besides their measured and indicated ounces and their reserve ounces, I also anticipate a substantial increase in their inferred ounces.  Lets hope this is the beginning of our more than long awaited recovery.