Member Info for breaktwister

Every day that gold goes up the economics of Pepas get better, and each day Orosur moves forward with its plans towards extraction. Thus, while gold is rallying, which it has been for a number of days in a row now, while Orosur gets cheaper, that is an illogical market that should be taken advantage of.

I listened again to Brads interview of 23rd Feb.

Pepas: One rig at Pepas for "the grand Pepas strategy", drilling North and South, where is the rest of it!

Apta: Preparing camp and drill rig to begin any day now for 6 weeks of drilling which will inform whether they expand, or in-fill to move what they have to MRE.

El Cedro: Drone aeromag should be starting any day now. Again, expected to take 4-6 weeks to receive and compile results.

Depending on the Apta and El Cedro results they will decide where to place rig 2 or potentially even a 3rd rig.

El Pantano: drill program due to complete by mid-March. Team should be onsite there after PDAC. "We are seeing structures in every hole. We are seeing exactly what we wanted to see. Very successful first phase".

Maybe the price weakness is because traders know there is no "imminent" news. Impatient in other words. Nice opportunity for patient investors.

Should have mentioned that Brad thinks Apta has much more, open at length and depth according to previous drill reports. I will take an MRE of 1.5m oz as a starter this year. Where are the new fools who like to value explorers using MREs only - what valuation will that give Orosur later this year? (rhetorical question as I have blocked them all)!

Cheap as chips here and getting cheaper every day that gold rises and Orosur doesn't. Laughable. The market prices Apta at 0 but LT holders know that there is around 2m oz there, and a mine could be fully funded by Pepas. Essentially they will be snowballing Pepas into an Anza machine. And this included nothing for El Cedro, Pepas North, La Viginceta, all very exiciting prospects. But Apta is basically proven and as Brad says MRE expected this year. Quite how the market prices it at nothing is hilarious to me.

They didn't keep the ask at 24p for very long at all there, in fact my broker would not give a quote. Got in at 24.2.

Miners in general are very strong right now, even on days where metals are flat we are seeing strength in miners. What this means is that Orosur becomes even more undervalued, hence why I BTFD.

LW, nail on head. There are many AIM shares that I pass on for one reason or other. What I don't do is go onto those boards and try to tell everyone that has invested, or thinking of doing so, why they are wrong, why the company is overvalued etc without even doing a minimum of research, like we have seen recently on this board. In fact, given the deluge of deramping accounts, I would suggest somebody big wants to fill a big position and to do so without moving the market up requires convincing retail to sell.

Toon, I am not so sure buddy. As Brad said in recent interview, there are no other good projects out there for cheap anymore. Orosur bought the Anza and El Pantano licences when nobody cared about gold mining. They could JV off the bigger prospects. Any outright sale would see Orosur collapse into a major and shareholder capital returned rather than Orosur continue with brand new projects. What can be said is that they have a lot of options. I would prefer Brad focus on pointing the drill bit to where it needs to be pointed.

As I said recently, go to where the high grade is at Apta, put out a few bangers, the market will quickly waken up, I don't see many Apta-style holes appearing anywhere else atm

Let me simply OM, E1 = moron. Came onto this board as if he was going to tell LT holders all about Orosur and why the Pepas MRE meant that Orosur was overvalued at 20p, when he hadn't the slightest idea what he was talking about. Instead of backing down they then doubled down on their argument with utter drivel about building mines and idiotic comparison to producer valuations. I filtered after that. An absolute imbecile that got lucky with any other investments where they may once have had a reputation on other boards.

LSELoser, that is an excellent point. I believe Brad alluded to this briefly in one of the interviews, that because Pepas is so small and uninvasive they get a fast-track approvals process (I don't remember what language Brad used, this is my recollection of it so I don't want to hear arguments about "fast-track" etc).

Correct Legal, I am one such buyer. I thought we might see some weakness after a near 50% bounced from 21p to 30p in a few days. In addition, while Brad's recent interview was good, he confirmed that they have not hit the motherlode in El Pantano just yet and it wil be some weeks before they can compile data and communicate with the market. Brad has advised on many occasions what the purpose of drill Phase 1 is at El Pantano and not to be expecting Pepas-style results. The geological models that he shared previously shows a system that is expected to be deeper and larger. I like larger. They have confirmed a "substantial mineralised system", I am happy to let them plan how best to drill the deeper areas, while buying any dips.

Sorry chaps, was busy today, where do we expect to find a new interview with Brad later?

TimSmithers, amazing knowledge for a first time poster on any board here. Unfortunately you have choosen the wrong people to learn from. ANd well done for having the confidence to predict a very specific price 12p-15p.

How about f off whichever alt of the de-ramping crew you are.

Aussie silver miners going ballistic tonight, likely due to expected upward pressure on the silver price due to Mexico disruption. Our new Argentinian neighbours Unico are up 10%. I have no doubt that there is a lot of silver at El Pantano, we should have an update on that any day now.

Covgaz, that is the exploration game. What can be said is that the current mcap is pricing all of the other targets at zero, as you say "could be not a lot". Have a look at Apta drill results and the expected geology at El Pantano including neighbour Unico's massive silver deposit. What happens to the OMI share price when they show economic deposits across all, or even one, of these other targets? People who want to wait for formal reserve data will be paying a lot higher price.

The Newmont Connection

This is genuinely underappreciated. Newmont operated the Cerro Negro mine 90km away. They would have had extensive geophysical, geochemical, and structural datasets covering a wide area of the Deseado Massif. The January 2026 RNS explicitly noted that OMI planned to compile all new and historical data once drilling completed. If Newmont provided any of that historical data to assist targeting, they would have done so with corporate awareness of El Pantano's potential. It would be entirely rational for Newmont — now refocused on Tier 1 assets globally — to want to farm into an early-stage project in their own backyard rather than let a junior develop it independently.

A JV with Newmont on El Pantano would be transformational for OMI. It would fund all future exploration, validate the project to institutional investors, and potentially fast-track development. Newmont's Cerro Negro generated roughly $500M+ in annual revenue at peak production. They know exactly what a Deseado Massif discovery is worth.

The Bottom Line on El Pantano

The December RNS confirmed something real. The January Q2 results reaffirmed it using the same careful language. The subsequent silence on assays is now 5–6 weeks since drilling completed. That silence, in a MAR-regulated environment, is itself information.

The geological setup is exceptional — 607km² in a proven world-class district, neighbouring projects with 90M+ oz AgEq resources, proximity to two of the world's most significant gold mines in the same rock type. For a company with a market cap of roughly £85M, El Pantano is currently valued at zero by the market. It's entirely unpriced.

I have been using these AI tools for nearly two years now and they keep getting better and better. Very powerful assistants for almost anything. Here is what Claude had to say about El Pantano:

Why No Assay Results Yet — The Silence is Loaded

Drilling was completed by end of January 2026 at the latest. We are now in mid-February. The samples were sent to Alex Stewart in Perito Moreno — a local Argentine lab, not a slow international one. Normal turnaround in Argentina for fire assay is 3–6 weeks. The math says results should have been in hand for 2–3 weeks already.

There are really only three explanations for the silence:

Scenario 1 — Results are disappointing. In this case, under MAR (Market Abuse Regulation, which governs AIM-listed companies), OMI would still be obligated to disclose anything material. Truly bad results would likely have come out quickly — bad news tends to be released promptly to avoid regulatory questions. Silence on bad news is actually harder to maintain under MAR than silence on good news in a JV/deal context.

Scenario 2 — Results are interesting but not yet conclusive enough to be "inside information." Early reconnaissance results in epithermal systems often require geological interpretation before becoming material. If the holes show the system is there but the grade/width isn't yet pinpointed, they may be compiling data before release.

Scenario 3 — They are in commercial discussions. This is the most intriguing scenario. Under MAR, a company can delay disclosure of inside information if it is in the course of legitimate negotiations and premature disclosure would prejudice the outcome. A board decision to delay disclosure must be taken formally and the company must be able to keep it confidential. If Newmont — who has Cerro Negro nearby and presumably has extensive geophysical data on the area — has approached OMI about the El Pantano project following the first drill confirmation, that would be exactly the kind of situation where delayed disclosure would be justified. Brad George even mentioned Newmont's data assistance in past communications.

My honest read: Scenario 2 or 3 is more likely than Scenario 1. Here's why — if the results were truly bad (no gold, no system), that's actually clear enough to disclose immediately and simply. The company already pre-positioned investors with "the challenge is finding where economic grades sit" language, which is exactly how you set expectations for a reconnaissance program that confirmed a system but needs more work to pinpoint it. That language suggests the results are real but need more targeting — not that they're empty.

Some chunky buys today. TSX up 6.4%. DIfficult to see how there could be any sellers left at these prices. GLA.

DrR, I filtered them all very quickly when it became clear that they knew nothing about Anza and had an agenda with their ill-informed negative posts. No point clogging up the board entertaining their nonsense.

Another fool Pinguser5, first post on the board, brings nothing to the table other than what he accuses others of doing, which is to poke insults claiming that he knows the "usual suspects". who have "sorry lives" etc. How about f off.

Everyone can read you little w an k er. You said "this is overhyped" THIS meaning at present i.e. at 20p.

Somebody asked for price predictions weeks ago, price was at 40p when I expected a positive MRE to take us higher. My target is still 50p and I have been buying agressively. You no longer have a position, so lets see who is right and who is wrong in the end.