Oromin Explorations Ltd OLEPF

RE: RE: RE: Grandich recommended OLE today

[tony1969]

I have to agree bluestar it is only a matter of time before some kind of transaction takes place here.  Whether it is a month away or six months away is the question.  The risk/reward down here is great.  The upcoming resource update and feasibilty study will only solidify and expand already plentiful ounces.  The $1200 per ounce figure that will be used in the feasibilty study combined with the increase in resources that will be shown in the resource update will undoubtedly give the property a substantially much higher NPV. 

Oromin's NPV in their 2010 feasibility study was $361 million. In May 2011 Mackie research published a report that increased the "project economics" by $100 million to $461 million. In my amateur opinion I would venture to guess that the NPV should be at least $600 million or 30% higher than the Mackie figure in the upcoming q4 2012 feasilbility study.  I believe this will prove to be conservative. Time will tell.  Any other guesstimates out there?  Thanks as always.