Oromin Explorations Ltd OLEPF

RE: OLE feasibility study and NPV.....

[arlene2]

Tony---I do understand your point re the difference in what  the project is worth and what a bidder is willing to pay......However , I believe that the value of Ole and what Ole's bidders are willing to pay will be influenced by a number of items including what price to pay for gold in ground......Gold in ground prices are in turn influenced by a number of items including grades of ore......65% of Ole's "Inferred" ounces grade at 3.43 g/t and 37% of Ole's "Indicated" ounces grade at 3.18 g/t.....I think these are excellent when compared to what else is available now-a-days and will result in higher bids closer to Chet's price and the NPV....not to mention the 13 identified but yet unexplored targets..In any event , I surely do not know , but remain optimistic..........even when some think unrealistic...