Oromin Explorations Ltd OLEPF

How cheap is the OJVG?

[tony1969]

The 118.8 million shares that TGZ does not own of public OLE are only valued at $39 million as of today's closing price of $.33.  The entire market cap of the OJVG is only about $90 million. That is less than $20 per ounce in the ground if you include the inferred ounces which gets us to almost 5 million ounces.  Once again TGZ and OLE belong together.  The OJVG must in my opinion lower their expectations and come to and agreement with TGZ.  TGZ needs to extend their mine life and we need a mill to process our gold. It is the perfect combination.  It has been since TGZ built their mill.  Once the dust settles and gold finds a new range (maybe $1250 to $1450) I believe you will see massive consolidation in the juniors.  Many will not survive but OLE will because of their large amount of gold and the amount of it that is over 3 g/t.   Some examples of a TGZ buyout:  Including the shares they own TGZ can have the entire OJVG for about $200 million or about $.75. A buyout of about $170 million gives us $.65 per share and about $145 million yields $.55 per share. These numbers include Badr which I gave about a 3% stake after their years of dilution.  There is lots of value here guys but like I said we must meet in the middle and as I have said for a while now we must be realistic about what we can expect.