Oro Gold Resources Ltd.

<p><font size="4" color="#666600"><b>multi million oz potential</b></font></p> <p><font size="2" color="#666600" face="Arial,Helvetica,Geneva,Swiss,SunSans-Regular">Oro Gold drills 8.5 g/t Gold over 61 metres - Trinidad, Mexico</font></p>
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In this time of credit contraction, being able to raise cash is critical.

Being able to raise 12 million in additional cash is huge.

http://www.orogoldresources.com/main...

The cost of operations in 2008 to drill 15,000 meters was $4.5 million.

The costs for the same work will be less this year, due to the contraction of energy and material prices.

This additional cash promises to give us 2-3 years additional years of exploration money. That is big!

If we break down the share dilution that these addtional shares add (17 million ) - we get 77 million total ( Does not include 6.5 mil warrants offered @ 1.00 per share).

The cash infusion of 12 million dollars adds .16 per share in added cash value.


BK

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bravekind
City
Williamsburg
Rank
President
Activity Points
14019
Rating
Your Rating
Date Joined
09/04/2007
Social Links
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Oro Gold Resources Ltd.
Symbol
OGR
Exchange
TSX-V
Shares
60.9MM OS with 87MM FD
Industry
Metals & Minerals
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