Oromin Explorations Ltd OLEPF

OLE's risk vrs. reward here....

[tony1969]

 From about $.80 to about $.30 in a couple of months.  Yes gold is down about 10 to 15% but OLE is 65% lower.  Those reserves of 2.33 million ounces at a 2.59 grade alone are worth twice our market cap alone.  The Masato reserves are all open pit and are 1,223,000 ounces at a grade of 2 g/t.  The Golouma reserves are 1,112,000 ounces are a grade of 3.83 g/t with 222,000 ounces open pit at a grade of 2.38 g/t and undergound of 890,000 ounces at a grade of 4.52.  Combined open pit reserves (  which are the highest possible catergorization  ) for these two deposits are 1,445,000 ounces with a grade of 2.06.  Just these two open pit deposits would produce 7 years of 200,000 ounce per year production at over 2 g/t or 10 years of 150,000 per year production at over 2 g/t.  Then you throw in the really high grade underground (obviously more expensive to mine) 890,000 ounces at 4.52 which I imagine would be mined after the easier open pit is processed.  Since the OJVG has total measured and indicated ounces of 3.78 million we are still left with 1.45 million ounces after you remove the higher category 2.33 million  ounces in reserves.  Those 1.45 million measured and indicated ounces have a grade of well over 1 g/t even after including the 560,000 ounce .61 g/t heap leach program.  Finally we have 960,000 ounces inferred at a grade of 1.73 g/t.  That inferred total and grade alone is great for some explorers.  That is just about 4.8 million ounces of high grade gold that is going for about $90 miilion.  Unreal because there is a mill literally yards away ready to mine those ounces.  I can begin to maybe understand if they were 50 miles from a mill but there is one right there.  If TGZ (it may be too late for them) does not take advantage of this environment I truly feel that other parties are lurking and taking a close look at both TGZ and OLE. I will add 10k shares if the ask dips under $.30.  Too cheap to pass up at these levels.  Comments?