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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Acquisition of Queenston
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Post by roadking08 on Nov 12, 2012 9:49pm

Acquisition of Queenston

Osisko bought Queenston today for $95 an ounce. If I was to pretend that West Africa low cost vs Canadian stability are a washout and we also can get the same price per ounce. Our fully diluted buyout price would be $1.67

My first question is where do I sign to tender, secondly, can someone check the grades of Queenston for comparables.

Riffdoc, I have good news and bad news. The bad is that yesterday midnight was deadline for contest, the good news is that I have only 3 years being in this this vacuum stock and you have 6. So if you would have won with your 2.65 bid I will gladly give you same prize as the winner. How do you get so many reads with only 20 post?

No more exceptions....here are the players (forgotten or mistake, just let me know) had one 2 many

Bluestar…..3.00

oilsands......2.87

roro..............2.75

arlene..........2.56

comet.... .…2.32

hoosier........2.283

maya...........2.20

jredoc..........2.12

sanman…..2.03

dukesmo…1.93

tony.............1.87

nailiti……...1.85

top…………1.74

goldfather...1.70

figtrader…..1.60

element…..1.58

rkclassic....,1.55

eljoro.........,,1.40

cap............,,1.35

caliche…..,,1.30

spacedoc…1.20

treetop.........0.30

The biker with a big heart

Comment by goldn1 on Nov 12, 2012 11:57pm
  I got $2.15... even if I am late...      
Comment by tony1969 on Nov 13, 2012 6:58am
Hey Rk these guys had very good/excellent  grade, This table is from their website. Deposit Measured + Indicated Resources Ounces Inferred Resources Ounces Upper Beaver1 6,870,000 t @ 7.20 1,580,000 4,570,000 t @ 5.3 781,000 McBean2 705,300 t @ 4.7 105,000 1,220,800 t @ 4.7 185,000  ...more  
Comment by Capharnaum on Nov 13, 2012 9:27am
Well it is an underground complex only (vs Oromin's open pit potential + heap leach) and half the reserves are inferred (vs Oromin's 85%), added to higher costs in Canada (Osisko's cost is currently $900/ton). Consider better political conditions in Canada as well as better reputation. It's tough to say but imo it is in the same ballpark.
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