Oilsands Quest Update Along With A Orfg Update-pennytobucks
Orofino Gold Corp
Orofino Gold Corp. (PINK Sheet:ORFG) has several gold properties in Colombia, a current hot spot of gold production in the world markets. Geologically it looks the same and local well informed geologists say its model is bigger, broader widths and longer strike. Ownership of gold and silver - along with quality precious metals mining shares - is becoming one of the hottest investments on the planet.
Gold offers a safe way to hedge against these falling fiat currencies (backed by faith and nothing else). For a little more leverage - and a lot more profit potential - invest in a junior gold stock.
The opportunity looks like this... ORFG with 1 million ounces; the share price would be with (80,000,000 shrs out) 1 million ounce at a conservative $1,000 = $1 billion divided by 80 million shares = $12.50/share (Orofino has only 60,000,000 shrs. outstanding now)
2 million ounces (100,000,000 shares) = $2 billion divided
by 100,000,000 = $20/share
4 million ounces (110,000,000 shares) = $4 billion divided
by 110,000,000 = $36/share
OROFINO GOLD CORP. (http://www.orofinogold.com/) is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia two of the most significant gold producing countries in the world. To this end OROFINO has signed an option agreement to acquire several properties in Colombia.
Oilsands Quest Inc. (AMEX:BQI) reported the cancellation of the previously disclosed sale of its oil shale assets located near Pasquia Hills, Saskatchewan to Canshale Corp. ("Canshale"). The sale of these assets was conditional upon Canshale raising a minimum of CDN $12.5 million by July 30. As Canshale was unable to secure that financing, the transaction has been cancelled and the oil shale assets continue to be owned by Oilsands Quest Inc.
About Oilsands Quest
Oilsands Quest Inc. (www.oilsandsquest.com) is exploring one of Canada's largest holdings of contiguous oil sands permits and licenses, located in Saskatchewan and Alberta, and is developing Saskatchewan's first global-scale oil sands discovery. It is leading the establishment of the province of Saskatchewan's emerging oil sands industry.
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by: Bill Pennyman
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