Member Info for DrRemington

'Hi dibs. Could’ve bought sub 8 p a few weeks ago. Entering sell zone for some 8 p buyers soon I imagine.'

What a weird statement haha. So it's entering a buy zone now, after more positive results and institutions taking 10% at 10.4p.

But the same buyers at 8p chose not to sell before that news at 13p, two weeks ago.

Wow.

11.60 to sell large amounts now. I can sell upto 900k ish over 11.30.

Good signs. Big moves up due here.

That’s the first time the company have stated officially that they believe this is commercially viable.

•Average grade to be increasing at Pepas, more recent intercepts: 62.3m @ 12.76 g/t Au & 104m @ 6.61g/t Au Predicted 400k @ 4.5g/t from surface.

• Unreal turnaround times, from begin drill to assay in hand - 8 days.

• 5 plus Institutions on board, the most recent taking 10% of the company at 10.40p. That should underpin the share price.

•The most successful metal fund on the planet holding 12%.

•MRE for Pepas by year end, expect assays like these delivered every couple of weeks now.

•Several more gold projects about to come into play in the next month or so. Notably El Pantano and El Cedro.

•100% owned projects. Zero debt.

•Invitation to Beavercreek Mining conference, the most prestigious on planet earth, in around 5 weeks time.

•Largest land holder in the prolific mid Cauca Belt, Colombias premier gold belt.

•Huge land holder in the Deseado Massif, Argentina. Home to Newmonts 20m oz+ Cerro Negro.

•The number on junior on the AIM market.

O PEP048 - 32.3m @ 3.65g/t Au from surface

o PEP049 - 94.2m @ 3.74g/t from surface

If you saw these dropped at any other junior on the AIM market there’d be rockets and champagnes emojis flying about everywhere.

Here they are looked on as average, that’s how strong Anza and in particular Pepas is.

The 7-8 day turnaround for assays is a game changer here, Newsflow will come thick and fast.

It’ll get even more scarily fast once they’ve more than one project on the go.

I’ve a feeling they may try and target the highest grade area for the next ones so they can walk into Beavercreek Connor mcgregor style.

That part right there which ID highlighted:

‘. We are increasingly confident that there is a commercially viable opportunity at Pepas and so we will very soon commence non-drill related studies to begin the process of advancing Pepas toward development.”’

That is the be all and end all of mining exploration. This is heading towards huge success, $1billion plus in the ground at current price with the gold price expecting to carry on rising.

Imagine if they strike gold at other parts of Anza and El Cedro….. Which I’m confident they will. Apta is already a high grade deposit of some sort.

Frightening potential. Now we know why Instis are loading up at these levels… 10% of the company snapped up in the 10s. I can’t see it hanging around here for long now.

‘ As a result of the shallow nature of mineralisation, holes are generally short, taking between three and four days to complete on average. When the Company reassumed control of the Project in December 2024, samples were shifted to a fire-assay laboratory facility in Medellin, that has consistently provided 3-4 days turnaround of assay results. The Company is thus currently averaging roughly one hole per week with only one rig - an exceptionally fast rate of progress by industry standards.

These three holes announced today are a continuation of this infill program and have all returned exceptional results (most especially PEP047), with thick sequences of high-grade gold mineralisation commencing from surface.’

I expect at least one more Pepas assay RNS before Beavercreek.

If we hit another 62.3m @ 12.76g/t Au. type intercept then I wouldn’t be shocked to see him drop it on its own!

8 day turnaround from breaking ground to having the result in possession…. Unbelievable.

"The latest results at Pepas continue to impress. While size remains to be defined, the picture of Pepas as a highly lucrative mining proposition is rapidly solidifying. We are increasingly confident that there is a commercially viable opportunity at Pepas and so we will very soon commence non-drill related studies to begin the process of advancing Pepas toward development."

Like I said this morning, who wants to try and trade 5-10% here and there when they are dropping bombs like this at random….

Anything’s possible, though with the several North American Institutions taking 10% of the company last week on TSX for 0.19 cad which is 10.40p equivalent.

We could see them begin lapping up stock should it fall to that level, it is still around 11p to buy over there.

That’ll likely have created a bottom on TSX.

They’ve been keeping the share prices aligned to some extent. Low volume today, 680k. I reckon we’ll get more news before it falls much lower. Who’d wanna trade this to try and gain 10% or so, when the instis are taking big amounts around this price. Not me.

Seingred, I merely stated the gold price was half of what it is currently compared towhen CNR were looking tolling. Fact.

Colombia is not Nicaragua, there’s only 7 gold mines in Nicaragua. Fact.

There are about 20 fold that number in Colombia, the Mid Cauca region being the most desired. Fact.

What mines can we get a toll deal with. What sort of question is that for me to answer…

How about ask Brad and post his reply here he’s the one whose publicly stated they’re are several processing plants / mines within close proximity.

And what good is my word to you, I’m an apparent liar after all.

'Condor Gold has considered tolling as an option for its La India gold project in Nicaragua, particularly in relation to the potential use of the Nicaragua Milling Company's existing milling plant. This consideration was highlighted in January 2020'

It was only Highlighted in January 2020, Mid 2020 the gold price was around $1300. But for arguments sake:

Jan 2020 Gold Price : $1580.

Current Gold Price : $3300.

It's over double the current price, could that be a defining factor.

Seingred, your on the wrong board.

This is OMI, in Colombia. Not Nicaragua. Specifically the Antioquia region.

In the whole of Nicaragua there are less than 10 gold mines?? About 7.

How many are in Colombia. How many are in close proximity to Pepas? Brad has stated there are several within close reach who could accommodate them.

CNR was acquired by MTL? in Jan 2025 was it not? The gold price then was sub $3000. Around $2800?

You said they looked at tolling, years? ago? What was the gold price back then. Sub $2000?

Could the gold price being double what it was back then be a substantial driving component?

I'm seeing several massive factors that differentiate OMI from CNR...

I'd guess you'll agree.

Orosur were in a JV with Newmont, then Agnico came on board. Together collectively known as MMA.

They didn’t really sell Orosur it back, it took two years to get it over the line so I wouldn’t really say there were so happy to do so either.

They handed it back with NSR’s and royalties for when Anza produced gold.

Many companies, majors and mid tiers downed tools a the same time in 2022 due to the Colombian government slacking and delaying certain things. They kept cancelling meetings the day before.

Newmont had already fell out with Colombia due to the murder of several of Continentals Geos at Buritica.

Slimey, in regards to your question , taken from 23 July:

‘Geology review at Anza completed and now being written up. Lots of good work and some new ideas. We now have a conceptual genetic model for Pepas and are testing some of those ideas now in parallel with the resource drill out which continues on schedule.’

https://x.com/OrosurM/status/1947822206475714776

(They began 5th July)

https://x.com/OrosurM/status/1941419541747188208

Having X is almost paramount here, the company is now extremely active on that platform with almost daily updates.

Fact is that Orosur now have around 5+ Institutions / funds on the books, including the most successful metal fund on the planet, together holding around 25% between them…. With some entering here 10p+.

The big acronym AISC will have likely been discussed in depth before entering here I’m sure.

In an ideal scenario, If they can deliver a MRE for Pepas by year end, spend another year or so pushing for permits / PEA etc etc…(Yhe license already has exploitation / enviro permit in place.)

Shovels in ground in by the end of 2027, extracting gold at $4k+….Right wing back in, in Colombia politics.

$2500+ profit per oz at Pepas guaranteed.

‘ In mining, timing is everything. For explorers and developers, the metal price today is of less interest than the price at the moment of first production. Cash reserves are low, debt may be high, staff and investors are exhausted and banks are twitchy. So many fail at this final hurdle when by sheer bad luck, the metal price is low at that crucial moment in time.

Big companies cruise through these dips, minnows cannot.

Thus our approach. Do it fast, do it cheap, minimise dilution and have lots of room for error.

Early days but we are focussed on three things - capital intensity, cash operating margin, and speed’

https://t.co/Zu2I6Ltu9U

https://x.com/OrosurM/status/1951920069006827940

If they keep hitting higher grade like the 60m at 12g/t then the 380k will increase, as the 4.5g/t moves up, the future profits increase as the predicted AISC will obviously decrease.

Let’s see the MRE by year end. Legal, it’s looking like it’s shaping up to be a $1b+ profit project.

Https://x.com/OrosurM/status/1951881284697165949

‘When we think about the economic attractiveness of this or that mining operation, we clearly need to think about the cash cost once its in operation, but just as importantly, we need to think about what it cost and how long it took to get into operation.

A few weeks ago, B2 Gold announced an updated feasibility on its Gramalote project in Colombia. It looks pretty good, but it's been a while coming. It was based on an MRE that required 270,000m of drilling over 10 years. They are planning to produce 2.3m ounces over an 11 year mine life, which will need $740m to build. Let's say it gets up and running by 2030, then thats 22 years from first work, and probably not much change from $1bn when all said and done.

If things go to plan, we might get Pepas to MRE for 6-7000m of drilling in 1 year. Granted, it wont be a Gramalote, but then nor should it cost $740m to build.’

TSX open now, looks to be creeping up. 20.5 cad / 11.20p.

Lets see what sort of volume they generate.

All the best Nap, I hope all goes well for you.

It looks like the market seems this positive. I can’t see how they couldn’t, big boy with no real Interest out, multiple insti investors in who’ll want a return.

10.40p should be seen as the bottom now realistically and if you get to purchase for any less then your buying at a discount to wise hands who’ve just took 10% of the company.

‘End of an era as Newmont divests its Orosur stake. They have been clearing out their cupboards for some time now, so it wasn't a huge shock to us.

However, Orosur was neither party nor privy to this transaction - a Canadian broker contacted Newmont directly on behalf of a small number of substantial North American institutions keen to establish positions in the company, but had been unable to do so due to lack of available stock in Canada. Hopefully we can expand in coming days, but it is somewhat out of our hands until the transactional dust settles.

Newmont have been a good partner in Colombia and solid share holder for the last 7 years and we thank them for their support and contribution, especially as their cash injection in 2018 kept us alive to fight another day. But their block was always an overhang, and to now have that gone in one off-market fell swoop, distributed amongst sophisticated institutional hands is in our view very positive, especially in the Canadian market which we have been trying to tickle along. Ideally we would have preferred to have had a smidge more control of the messaging, but we didn’t, so … tough luck, we get over it and crack on.’

https://x.com/OrosurM/status/1951161420755902554

So Instis are happy to buy a stake north of 10p… That’s speaks volumes.

I never thought about it that way Jaczar… Yeah makes total sense.

I think we’ll see Agnico return here, this solidifies it even more. They would not want to own equity with Newmont still on the books.

Interesting one. I wonder who lapped these up? We should find out soon enough unless a few institutions combined took them.

Interesting is the fact they were / are keen on a JV at El Pantano which has been mentioned numerous times publicly.