Oromin Explorations Ltd OLEPF

RE: RE: Thanks to OLE management and Chet ....

[dmuy]

A 17 year mine life is longer than you'd normally like to see, but maybe they wanted to stick to 1 plant of a moderate size to avoid the capex sticker shock that has tanked a lot of the other stocks that have recently come out with FS's.

It would be interesting to see where they have sited the mill for this scenario. They should also do an alternate FS scenario using the TGZ mill to process the Masato deposit (lower grade) and re-siting the mill to optimally process the other deposits. I'm thinking the IRR and NPV's should improve significantly with greater efficiencies and faster pay back by mining the Masato deposit first with an existing mill and focusing the new mill on the high grade Goloma deposit.