Member Info for DrRemington

‘Preparing pads at El Pantano for commencement of drilling in a few days. Lovely to be working in flat country for a change, where the rig can just drive everywhere.

But on clearing soil we keep turning up lovely epithermal quartz veins. Damn things are everywhere.‘

https://x.com/OrosurM/status/1983779296276828549

The fact is, they’ve a 3000m campaign planned at El Pantano, which ends in January, if they hit duster after duster they’ll hold them back until Jan once the campaigns finished.

If they hit anything decent we’re likely to see visualisation's of the cores via the X handle and he might even treat to fast, single or small amount of releases at once.

But if not, then by Jan we’ll have a MRE from Pepas, we’ll be likely drilling El Cedro and 100% drilling Apta.

They’ll also be vocal in regards the forward moving plan to get Pepas to production.

‘Colombia Gold Symposium in Medellin start of Nov - lots of people want a chat. Seems the prospect of high grade ore looking for a home is attracting attention.’

Big moves ahead, regardless of El Pantano it’s had zero value given to it on any research note including the 70p price target one. Though three years of mapping and sampling i’m sure they’ll have a rough idea where to drill and some expectation. After all both Louie and Brad said they prefer it over Anza…..

So a new project, which is yet to be drilled, has zero value attached to it.. And you’re saying if it was to be a dud, then the share price would collapse….

You get dafter Ralph. Absolute clueless in mining exploration.

Agreed. Leave them to it until some concrete news comes out, i think everything there is to discuss has been discussed in depth already.

Will we see a tweet with the rig arriving at El Pantano tomorrow or Friday? I hope so.

We know the gold price wont hamper plans at Pepas, even if it dropped back to $1600 it would likely still be feasible.

High grade starting at surface to a depth of only 90m, on a small footprint. Ideal location. Capex $15-20m. Perfect.

Those calling golds top / plummeting and the likes. It is still almost 50% up in the last year even after the recent fall back.

They’ll take over 600k over the bid price now. A good sign.

I’ll take em off ya hands at that price Dig, infact I’ll give you 10p. 😁

2.5% down now.

Nap, they are drilling to investigate the area that delivered 47m @ 15.75g/t.

Which included 14m @ 46g/t & 2m @ 300g/t…

We could be looking at our best GxM intercept to date all going well.

Somewhat luckily for us, the company are drilling around that 47m @ 15.75g/t area.

So it’s likely we’ll see another 10g/t plus intercept or even several fairly soon.

Looks like buyers in back at the placing price. It can’t fall for ever, it’ll reverse back in no time.

Like I said, we’re fully funded so that’s the main concern out the way.

The drill rig is turning and another should be arriving any day.

The price of gold falling for OMI at this minute is totally irrelevant, obviously it helps raise funds but that’s fine with now.

My post got deleted, must have been with the thread.

The company’s well funded into the back end of next year, £15m, Brad did the raise at the perfect time it now appears.

Exploration about to ramp up, no concerns from me the share price has been up and down a fair bit for the last 6 months. It dropped from 15p to 7p twice before the move into the 20s. It’s normal.

I’ve not sold a bean, nor have I any intention of doing so.

The research note by Greenwood with the price target of 70p was on the gold price on $3300. Nothing is price with gold $4k plus… Yet.

Good luck all.

400, you better pop over to Collective Minings board and warn the investors there. They’ve a £900m market cap as an explorer and yet to deliver a MRE.

Also warn Agnico Eagle aswell, they keep throwing money at them. They haven’t a clue what there doing and are somehow the worlds 2nd largest gold producer and the king of AISC.

‘ Colombia Gold Symposium in Medellin start of Nov - lots of people want a chat. Seems the prospect of high grade ore looking for a home is attracting attention’

It sound like trying to find a place to process Pepas ore won’t be too difficult.

No truer words spoken Metal. 👏

The fundamentals here are screaming out.

One thing I’ll say about Brad is, he’s certainly not afraid to admit a wrong call and pull the plug as we’ve seen in Brazil and now Nigeria. Anza alone is enough for a company, throw in 600km2 in Argentina then it’s plenty to go at.

Current cash on the balance sheet equates to around 15% of the market cap….

Next week should be the start of Newsflow flying in.

Nap, many will not understand the relevant of Newmonts earnings. 0.27… it hasn’t , in my opinion, began for the high ended producers.

I’ve started added into these big licks. These will lead the line for the rest to flow.

Everytime the bid creeps over 23p someone starts shifting a few. It can’t last forever.

‘ The little gold price correction is healthy, and in fact another 10% down would not be a bad thing - the longer the run, the harder the fall, so letting off some steam was inevitable.

The salient fact however is the recognition that all miners, by definition, are price takers. We have no ability to impact the price of whatever it is we produce - all we can do is focus on the cost of production and hope for the best. We are lucky in that Pepas shows signs of being well down into the bottom quartile of the cost curve, so while clearly the gold price does impact on profitability, it does not impact on feasibility.’

The gold price does not impact on feasibility, that’s how good a resource Pepas will be.

To be fair to Jane after she posted that at 8.58, the next 5 trades were sells totalling over 100k, hence the drop back down.

Waterpool, thank your for taking such valuable time to post such a informative, detailed in depth post. Legend.

The order books looking better, should buying continue then there’s not much around this current level then it’ll be 24p ish.

Onwards and upwards, good luck to all.