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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Bullboard - Stock Discussion Forum Oromin Explorations Ltd OLEPF

Metals & Mining Gold

GREY:OLEPF - Post Discussion

Oromin Explorations Ltd > Question.....
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Post by tony1969 on Apr 19, 2013 8:24pm

Question.....

Why would any potential buyer even think about buying OLE without buying TGZ as well or before?  A big portion of OLE's Masato deposit is in TGZ's property. TGZ has 710,000 inferred ounces of 1.15 g/t in that deposit.  Since the deal between OLE and TGZ fell apart and the assumption that TGZ cannot pay what OLE wants, what is left?  Once again TGZ's $500 million mill is the key here and will ultimatlety be the reason that OLE and TGZ will end up together.
Comment by tony1969 on Apr 19, 2013 9:58pm
Ole has lots more. That is their biggest deposit. I am just making a point that whoever buys them both knows this. I believe that Tgz is prepping itself for a sale as they will take a while to extend their mine life and they can quickly exploit their mill with ole's ounces. Randgold's Massawa 3 million plus ounce deposit is only about 15 miles away. What a combo that would be with Massawa, ...more  
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