Get rich in GOLD!
Two-Step Strategy to Making a Fortune in Gold
Everything is in place for gold. And as gold makes incrementally new highs and rebounds from the eventual and unexpected corrections, there will be more opportunity.
But at this stage in gold’s run, there’s a simple two step strategy to make a fortune in gold in the next few years.
Step 1) Make a plan to buy gold and gold stocks over the next three to five years
Step 2) Stick to the plan
That’s the beauty of getting in something relatively early. Gold has made a good run over the last eight years, but the biggest money will likely be made in the next eight years as a lot more money piles into the “utter nonsense” that is gold.
From Seacoast…
http://seacoast-consulting.com/site/2009/11/18/five-junior-speculative-stocks-that-could-really-surprise-you/
G1
Oromin (OLEPF) This is a company I’ve followed for a long time. Very disappointing even at $.90. They have an enormous project in Senegal Africa with 3,000,000 (three million ounces of gold proven up) and this could go much higher. I feel this company will double in six months although they are a “drill it and they will come” mentality. Nevertheless management has made some very major discoveries in the past and I think they are on to another. I first recommended it at forty cents three years ago—maybe four? I lose track of time. But it is still undervalued in my estimation. When the juniors finally get moving this is a company that could go bonkers.
When the juniors finally get moving this is a company that could go bonkers………Please check the board??There has been many that have moved?Look at GRL for just one??Which I did own..But we kept hearing from the Oromin office that there isn’t a market??Yes for the ???From what a lot of the past holders of Oromin have SEEN their attempt to bring in buying?But all they have done is give away the farm..just check back on some of their attempts?agrom..grandich..New York..London..the list goes on..I rest my case?dsh
Anyone know how many drills Ole is now using to hurry up and prove more gold??? I believe that early this year they were using 5 or 6 , but cut back by a couple by mid year to save money…….Are they back to 5 or 6 at present in an attempt to raise share price before mid Jan ’10 when IAM GOLD can start buying again without Ole’s approval?
attempt to raise share price before mid Jan ‘10 when IAM GOLD can start buying again without Ole’s approval?……….Best thing that could happen to this company?To bad they wouldn’t cancel the date option?It then might move to?dsh
dsh…Thx for your comments to my post…..but you totally ignored my plea for information re how many drills are churning…Do you know anything???
dsh….It is my opinion that thye best thing to happen to this company at this time is more and better NRs.. re gold asay reports..
Oromin Explorations Ltd.: Clarification of Sabodala Mineral Resources
11/20/2009 5:37:34 PM – Market Wire
VANCOUVER, BRITISH COLUMBIA, Nov 20, 2009 (Marketwire via COMTEX News Network) —
In its news releases dated September 9, 2009 and October 19, 2009 and material change reports dated September 15, 2009 and October 21, 2009, Oromin Explorations Ltd. (TSX:OLE)(OTCBB:OLEPF) (“Oromin”) reported that its Sabodala Property contained a global mineral inventory of almost 3 million ounces of gold.
This disclosure is not permitted by NI 43-101 and Oromin hereby retracts reference to the global mineral inventory. As previously disclosed, the following estimated indicated and inferred mineral resources were contained within the global mineral inventory:
Higher Grade Au Deposits Indicated Mineral Resource Estimate
———————— ————————————
Contained
Grade (Au Au
Deposit Cut-off Grade (Au g/t) Tonnes g/t) (oz)
——- ——————— —— ——— ———
Golouma West 0.5 6,100,000 2.60 505,000
Golouma South 0.5 2,220,000 4.20 297,000
Kerekounda 1.0 744,000 6.90 164,000
Total Indicated Mineral Resource
Estimate 9,064,000 3.34 966,000
Inferred Mineral Resource Estimate
————————————
Golouma West 0.5 502,000 3.00 48,000
Golouma South 0.5 13,000 3.50 1,000
Kerekounda 1.0 244,000 6.10 48,000
————————————
Total Inferred Mineral Resource
Estimate 759,000 4.01 97,000
————————————
————————————
Lower Grade Au Deposits Indicated Mineral Resource Estimate
———————– ————————————
Contained
Grade (Au Au
Deposit Cut-off Grade (Au g/t) Tonnes g/t) (oz)
——- ——————— —— ——— ———
Masato 0.5 32,800,000 1.20 1,220,000
1.0 15,900,000 1.60 810,000
Niakafiri SE 0 0 0.00 0
Maki Medina 0 0 0.00 0
————————————
Total Indicated Mineral Resource
Estimate @ 0.5 COG 32,800,000 1.20 1,220,000
————————————
————————————
Inferred Mineral Resource Estimate
————————————
Masato 0.5 1,535,000 1.40 71,000
1.0 1,000,000 1.90 60,000
Niakafiri SE 0.5 4,350,000 0.90 119,000
Maki Medina 0.5 1,500,000 1.50 70,000
————————————
Total Inferred Mineral Resource
Estimate @ 0.5 COG 7,385,000 1.13 260,000
————————————
————————————
The balance of the ounces reported in the global mineral inventory reported by SRK Consulting are not considered to be indicated or inferred mineral resources as it is not known at this time whether such material has a reasonable prospect for economic extraction.
The foregoing resource estimate was calculated by SRK Consulting based on drilling up to May 2009 which included diamond core holes up to DH-475 and reverse circulation holes up to RC-625. Since that date, Oromin has completed an additional 125 diamond core holes and a further 30 reverse circulation holes. The objective of the bulk of these 155 new drill holes is to add additional resources and upgrade current resources at the Kerekounda, Golouma West, Golouma South and Epsilon deposits, all of which are categorized as higher grade gold deposits.
A revised and updated resource estimate is scheduled for completion in the second quarter of 2010 and will incorporate these new drilling results as well as additional drilling completed by the end of the first quarter of 2010.
On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD.
Chet Idziszek, President
Cautionary Statement
This document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and our other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with public markets, mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks. Readers are advised not to place undue reliance on forward-looking statements.
SOURCE: Oromin Exploration Ltd.
Oromin Explorations Ltd. David Scott Investor Relations (604) 331-8772 or Toll Free: (877) 529-8475 (604) 331-8773 (FAX) dscott@mine-tech.com http://www.oromin.com
Copyright (C) 2009 Marketwire. All rights reserved.
arlene:
I hope you were expecting better than this…
G1
Oromin Explorations Ltd.: Clarification of Sabodala Mineral Resources
Press Release
Source: Oromin Exploration Ltd.
On 5:37 pm EST, Friday November 20, 2009
Companies:Oromin Explorations LtdOromin Explorations
VANCOUVER, BRITISH COLUMBIA–(Marketwire – 11/20/09) – In its news releases dated September 9, 2009 and October 19, 2009 and material change reports dated September 15, 2009 and October 21, 2009, Oromin Explorations Ltd. (TSX:OLE – News)(OTC.BB:OLEPF – News) (“Oromin”) reported that its Sabodala Property contained a global mineral inventory of almost 3 million ounces of gold.
This disclosure is not permitted by NI 43-101 and Oromin hereby retracts reference to the global mineral inventory. As previously disclosed, the following estimated indicated and inferred mineral resources were contained within the global mineral inventory:
�
Higher Grade Au Deposits Indicated Mineral Resource Estimate
———————— ————————————
Contained
Grade (Au Au
Deposit Cut-off Grade (Au g/t) Tonnes g/t) (oz)
——- ——————— —— ——— ———
Golouma West 0.5 6,100,000 2.60 505,000
Golouma South 0.5 2,220,000 4.20 297,000
Kerekounda 1.0 744,000 6.90 164,000
Total Indicated Mineral Resource
Estimate 9,064,000 3.34 966,000
Inferred Mineral Resource Estimate
————————————
Golouma West 0.5 502,000 3.00 48,000
Golouma South 0.5 13,000 3.50 1,000
Kerekounda 1.0 244,000 6.10 48,000
————————————
Total Inferred Mineral Resource
Estimate 759,000 4.01 97,000
————————————
————————————
Lower Grade Au Deposits Indicated Mineral Resource Estimate
———————– ————————————
Contained
Grade (Au Au
Deposit Cut-off Grade (Au g/t) Tonnes g/t) (oz)
——- ——————— —— ——— ———
Masato 0.5 32,800,000 1.20 1,220,000
1.0 15,900,000 1.60 810,000
Niakafiri SE 0 0 0.00 0
Maki Medina 0 0 0.00 0
————————————
Total Indicated Mineral Resource
Estimate @ 0.5 COG 32,800,000 1.20 1,220,000
————————————
————————————
Inferred Mineral Resource Estimate
————————————
Masato 0.5 1,535,000 1.40 71,000
1.0 1,000,000 1.90 60,000
Niakafiri SE 0.5 4,350,000 0.90 119,000
Maki Medina 0.5 1,500,000 1.50 70,000
————————————
Total Inferred Mineral Resource
Estimate @ 0.5 COG 7,385,000 1.13 260,000
————————————
————————————
The balance of the ounces reported in the global mineral inventory reported by SRK Consulting are not considered to be indicated or inferred mineral resources as it is not known at this time whether such material has a reasonable prospect for economic extraction.
The foregoing resource estimate was calculated by SRK Consulting based on drilling up to May 2009 which included diamond core holes up to DH-475 and reverse circulation holes up to RC-625. Since that date, Oromin has completed an additional 125 diamond core holes and a further 30 reverse circulation holes. The objective of the bulk of these 155 new drill holes is to add additional resources and upgrade current resources at the Kerekounda, Golouma West, Golouma South and Epsilon deposits, all of which are categorized as higher grade gold deposits.
A revised and updated resource estimate is scheduled for completion in the second quarter of 2010 and will incorporate these new drilling results as well as additional drilling completed by the end of the first quarter of 2010.
On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD.
Goldn1….Yes , I was——–A LOT BETTER !!!