Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by 1sanman1on Feb 01, 2013 5:22pm
167 Views
Post# 20927104

RE: RE: New Math Formula = $2.24

RE: RE: New Math Formula = $2.24

Tony I have the upmost respect for your contribution on this board but correct me if I'm wrong the value of the company is not the same as the value of gold, I believe that when your investing in a company you have to value the company according to the risk, but I think that the company that purchases this property is not parse buying OLE but the gold in its property and based on what you are saying the market price of gold is X, that is what people are wiling to pay for it, I'm not saying that they are going to pay market price per Toz, they have to account for profit but I like to think that based on the amount of gold that is in the property this stock is well under valued so the price of the stock as it stands will not have that much bearing on the BO price. Please comment and correct me if I'm wrong.

PS: I'm not expecting to get rich out of this but I do think that 1.50-1.70 is a bit low.

<< Previous
Bullboard Posts
Next >>