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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Why would a company ......
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Post by tony1969 on Apr 18, 2012 3:18pm

Why would a company ......

that has not reported drill results in about two years start drilling again.  It will take them another two years to prove up what another million ounces.  It is obvious that with all of the gold that they have not made public in over two years that they have more than enough to deal instead of drill. Think about it guys why would they drill when we do not even know what they have drilled in the last two years.   They have been hoarding their resources and do not need a resource update for buyers to know this.
Comment by RottenEggS on Apr 18, 2012 3:23pm
Where have you been??? They released about a half dozen sets of drill last year RES
Comment by Capharnaum on Apr 18, 2012 4:05pm
They have defined the zones that they wanted to explore and using the drilling they have on hand they can extrapolate on gold in the ground. In order to transform that into official ounces, they'd have to do a lot of infill drilling (which is costly, but other than "build up" the official ressource report doesn't really add value unless the results are materially different than ...more  
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