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Royal road minerals cap 100.58m. Neighbours but inferiors grades to Anza. They have 7 prospects surrounding Anza but on the outer fringe of the belt. Anza is in the centre sweet spot and the grades reflect this.
Note Anza neighbours Royal road RYE TSX rerate where Agnico our major has just increased its stake from 9.43% to 19.9%.
Will they match Newmonts stake in OMI of 18.23% in addition to being 50/50 jv partners.
Just buy and gold let the majors produce the goods and pay OMI in the process. Let the traders have their fun but holders are the winners. Cheap access to the big boys gold producing prospects here in the prolific middle cauca belt.
You opened your short at 25p. So you lost big.
From the RNS of 12th October...
' it is hoped that geophysical surveys and drilling should be underway by early November 2020.'
nitial funding of approximately $650k was received by Minera Anzá on October 2, 2020 from Agnico to restart the exploration program. This funding is to be directed solely to fund exploration on the Anzá Project for the 12 month period starting September 7, 2020 and is the first contribution of the required US$4m of expenditure for this 12 month period per the terms of the Exploration Agreement.
-- This funding is not related to the payment in lieu, for the shortfall of qualifying expenditure for the previous 12 month period ended September 6, 2020. The payment in lieu, which amounts to $582k is payable no later than November 7, 2020.
Lol. Buy the dips operations are a go. The Anza ball is now rolling.
Stop the press you were 2 year early but on the right track. There are now 2 majors and operation on the ground have started.
Lol munch box well under on his shirt and giving advice out.
This is the support level now.
Drilling about to start the prospect is fast tracked so expect regular updates. Omi has nothing else to do than keep the market updated on the majors progress. All personnel and operations covered by the big boys. It’s a true investment my cash is safe here. Loading up.
Mms already dropped the bid to 24p yesterday at 3:30 touching the 1.618 fib. Stops taken out and stock collected. Be shaken out at you peril you will not find a prospect out there were you are free carried and all expenses covered by two world leading majors plus cash payments to you bank.
Plus next payment to OMI and drilling update are due.
It’s all down to the value the majors bring to the table with their expertise and select choice to free carry and fund OMI.
Little brother Buritica was sold for 1.4bn when gold was 1200oz that resource has grown from 3.6m oz to 11m oz and growing.
Newmont sold its stake in that in favour of Anza which now has another world leader on a 50/50 JV on it with them.
Drill results so far at Anza have greater results than Buritica.
So indications so far that Anza can satisfy two world leading producers plus free carrying OMI suggest it is a beast. Plus cash payments to OMI so no dilution ie risk free to holders. Amazing.
Either Newmont or Agnico must be the obvious choice to buy out OMI but as it stands the deal is sealed for OMI free carry whilst they take over operations on the ground. The expertise they have I don’t think you can put a value on it. They are world leaders for a reason and pick only the most select prospects to spend millions and dedicate their time and expertise on.
If you look at today’s intraday chart you will see at approx 3:30 o'clock the mms dropped the bid to 24p which is the 1.618 fib retracement fib level. Have they been harvesting stock for orders ....!?!?!
Buritica 11m oz is Anza’s little brother which is why Newmont sold its stake there to concentrate on Anza which is big enough to share with another leading major Agnico who just happens to know the middle cauca belt.
Prolific middle cauca belt as stated by Royal road who own 7 gold projects surrounding Anza where Agnico have now increased their stake from 9.43% to 19.9% after which they then went on to do the 50/50 deal with Newmont at Anza.
Read between the lines we are investing in a 50/50 JV of two world leading gold producers cheaply through OMI who will not be diluted and are receiving cash payments from the two majors.
A quarter of fully funded Anza is free for OMI with no expense to you or I.
Expecting the mms are collecting all the loose leaves they can to fill instis orders so I’m in for the ride in all directions along with Newmont and Agnico.
Buy the dips if you can.
OMI a different class
Fully funded by 2 leading majors no placing no dilution free carried and cash payments to boot.
Dream deal safety net here and standby for the next cash payment to OMI and advanced drilling news it is about to begin.
Majors are hungry for Anza and OMI is sitting pretty. Daily movements are penny pinching rainbow chasers dilly dallying about being pulled from pillow to post and taking their eye off the ball of the real deal all other stock holders dream of.
Scale in scale in. Newmont hold 18.23%