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Very true bhargav, I’ve loaded my sipp this morning to take advantage of any pull backs...seems unlikely if its anything like Friday, let the big boys in first thing then us mere mortals can follow.
Yes, I meant, still a bargain base, ahead of the curve to book your seats for what's in the horizon for months to come...and soon.
Promising signs are emerging and it will be
on turbo charge...imo. A lot of what Ignacio saying for months is coming together.
Glad to read the Buritica news too.
Region will see great interest of global kind.
Thx everyone for bringing in quality posts here.
Good night.
Behind the curve on the climb to come but the market is ahead of the curve on the opportunity laid out for them at this level for sure for those loading up.
Agree NG, MK, MEM- the potential is enormous and we are just in 30s which is still well ahead of the curve imo.
Expect more fireworks soon...
He is talking from omi having 25% free carry and the risk carried by the majors who are supplying and funding all resources to explore and exploit the resource.
If Anza proves to be what it has shown promise to be and at least replicates that of Buritica then expect high returns holding omi and expect Newmont/Agnico to speed up and continue to add further resources as necessary to determine the full extent of Amzas promise.
Buritica production starts this December which neighbours Anza with identical geology so imo expect deep pockets to want a big slice of this gold pie. The geology of the area has now been proven. Hold and don’t be shaken out by the games imo. 2 world leading majors are not involved for the fun of it and they are in a position to make things happen quickly...don’t look this gift horse in the mouth IMVHO
Hi MiddleEastMoney. Apologies if silly questions but are your figures based on the 100% value of OMI rather than the 25% we will eventually own? Even 25% of those values are mind blowing in terms of share value but just trying to get clarity on our share of any future full values if that makes sense? Many thanks HP
Or another way to look at this, 11m oz for $1.4bn = $127 per oz, remember POG was $1200 when this deal was completed.
POG is 60% higher and forecast to continue to rise.
Adjust the $ value per oz from $127 plus 60% = $203.
Assume 15m oz = $3 billion
$3,000,000,000 divided by 160m shares = $18.75 or £14.42
or each 1m oz Reserve is worth at least 96p per share
Now please focus on the minimum likely attributable value, however I expect we will attract a premium.
'Now Newmont gave up Buritica selling its 19.99% stake along with the sale of CG in favour of concentrating on Anza where grades were equal and greater to Buritica so what exactly did they see. Surely 11m oz would have been adequate for NM but at the time they sold it 11m oz was not the case so the interpretation of Anza must have indicated it to be in the ballpark that would interest them. What average size resource satisfies the world No1 gold producer? I suspect they expected Anza to be better than Buritica at the time and as it turned out Buritica is 11m oz and growing. Anza could well be the big brother or at least equal to Buritica as the geology is the same. '
Given the above, I could make a case and join the dots, if they were sitting on 11m oz yet sold, to end up in a three way joint venture, you might think it would only be worth their while if there was substantially more gold than 11m oz/richer seams at shallow depth.
Maybe I will increase my forecast from 13.5m oz, to north of 20m oz to 25m oz.
The figures are mind boggling, however I can see OMI bought out at some stage.
220p is only a M/Cap of £350m and 440p is £700m, cheap in the overall scheme of things, for a possible Tier 1 mine.
These very large gold mining Co's think and plan in terms of 20-30 years.
You need to focus on the end game, gather shares, ignore short term fluctuations, look at the monthly or quarterly Share price graph, you will see where the SP is heading.
I dare say if Anza is what we hope for Newmont will buy out both Agnico and Omi and take full control. They have the fire power
The traders using TA will have to adjust their targets as more holders become sticky until a more realistic valuation/cap is reached, more are becoming aware of the magnitude of the two majors joining the party here. As CEO Brad states Anza is a replica of Buritica which has escalated to 11m oz.
Now Newmont gave up Buritica selling its 19.99% stake along with the sale of CG in favour of concentrating on Anza where grades were equal and greater to Buritica so what exactly did they see. Surely 11m oz would have been adequate for NM but at the time they sold it 11m oz was not the case so the interpretation of Anza must have indicated it to be in the ballpark that would interest them. What average size resource satisfies the world No1 gold producer? I suspect they expected Anza to be better than Buritica at the time and as it turned out Buritica is 11m oz and growing. Anza could well be the big brother or at least equal to Buritica as the geology is the same.
Many will overlook TA and hold for value and others will be a slave to it. Place your bets.