Time to get back some momentum!

With gold making new historic highs today (in nominal terms anyhow) I think it is about time we looked at Oromin for what it has. The truth is that there are 3 million ounces in the ground with , i believe, many more millions yet to be counted. We have a major as a partner that, as far as i see it knows there is value in the property. Why else would they put up the millions they did for a 17% stake?

The current drill program will yield results as good or better than the last round of drilling. We are zeroing in on the higher grade deposits with better understanding of the structures gained form previous years drilling. The PFS was done to facilitate the mining lease which we should have in hand by year end.

The more i think about the combination of OLE and MDL the more excited i get. We have more oxides and higher grade ore than MDL. If we are able to come to an agreement the mill capacity can be doubled and the gold recovered could be multiplied by 4 or more if we use the extra capacity to mill higher grade ore!! That means we could be a solid mid tier producer at around 500,000 ounces a year! Cash costs will come down with the mining of the masato oxides.

i hope to see the results of the current drill program, the granting of the mining lease and an update to the resource in the coming months!

i hope we can gain back the momentum we had at the start of all this, after all that work has led us to where we are today, a junior explorer at the verge of becoming a serious contender in the West African gold camp Sabodala!

October 6th, 2009
Categories: General . Author: admin

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