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Has anyone read the OMI RNS today.???

They have a Maiden Resource out which is 1.14 million tonnes at a grade of 5.46 g/t gold for 201,000 ounces of gold and 0.19 million tonnes at a grade of 2.99 g/t gold for 19,000 ounces of gold in the Inferred Mineral Resource.

This is almost the same as Paranaita and just double the initial Molly estimate..

Granted we don't own 100% of Paraniata but likely we will own 51% in coming months and we have entered agreement to own 100% of Molly.

OMI Current Market Cap £115 Mill

Jan Current Market Cap £11.6

That's two projects with gold from surface on the books...

Both of the projects have significant potential upside to dramatically increase the JORC gold reserves and both are high grade which will make them super commercial at these gold prices..

Paulo knows a gold mine and is very much on the ball when it comes to everything to do with gold exploration and development in Brazil. He will know how good an opportunity this is for Jangada.

This should be an interesting journey the next 6-12 months,

Btw I think 16m @ 3.165 g/t at surface is huge.. A few more intercepts like that and its an excellent and very commercial find..

Thanks some good points..

Also OMI's find is near top of a remote moutnain.. Road access, equipment etc all has to be developed..

Jan is located next to existing roads on relatively flat ground, airport and existing mines..

I remember when OMI first released their results last year. It took a while for the price to start moving, then tripled in 6 weeks.

No surprise there.. It was a great opportunity first thing this morning for anyone sitting on hands watching..

Who was it that said a couple months ago we would get assay results before WSBN..

They were correct.. :-)

Price is currently slightly down which is incredible..

Everyone interprets information differently but for me the RNS this morning is a big green buy signal.

They could be scratching 3.165g/t from surface in under a year and making huge profits with current gold price..

This is a great update and as good as we could have hoped for IMO at this early stage.. 16m @ 3.165 g/t on the first drill hole from surface, flat land, close to airport, main roads and adjacent to operating gold mines.

This is looking very good.

"Exploration results reaffirm Company view of Paranaíta's ability to materially expand on existing open-pitable JORC Resource of 210,000 oz Au @3.165 g/t"

32 million shares traded yesterday.. Average for past few weeks had been around 4-5 mill...

Jan also close to decent roads, airport and is flat ground.. Some producers nearby.. Mining it will be relatively straightforward..

OMI -Top of remote mointain

WSBN - If there is any gold, 100's of meyres below ground, extremely expensive to get to..

Jan also close to airport and decent

This is flying today... Currently 1.75-1.8p..

Its the high grade from surface that really gets my interest. Plus the fact there are working mines nearby and good transport links.

At $5k an ounce of gold, it wouldn't take much of a setup to start making some serious money.. Potentially ore could be transported to nearby mine to get produce something early before they build their own facilities.

It shouldn't be long until we are provided an update.

However, there have been snippets on X over the past month.

13th November - First picture of drill core 15 hole 1800m shallow dd. Rich in sulphides and looking exciting!

24th November - Drilling progressing at Paranaita Gold Project in Brazil. Paulo on site with team.

17th December - Drilling on-going at Paranaita Gold Project. Good intersections with sulphide and quartz identified - drill core sent to labs. Positive gold price environment for shallow open pittable opportunities.

Therefore all very positive and some regular informal updates along the way.. Assays from the initial batch already sent by 17th December shouldn't be too far off.

As of today its been 10 weeks since the start of the 10 week programme so they should be near finished the drill process or potentially expanding the programme.

No doubt a formal update will arrive soon.

As per interview this morning, nothing will be happening over there for a while.. Assays Feb/March which they noted as being part of the bigger picture which indicates to me they are weak. Then drilling to start back from April (Apparently).

Consolidation - "allows for future fundraises and acquisitions".. Why would they need to acquire more projects?

Interview was better than the non commercial RNS in 2022 on 23rd December..

Another strange RNS from WSBN.. I hope shareholders realise, assays within coming months could mean up to six months. The worst section of the RNS is the statement re drilling will recommence after wet season.. This has in the past meant a lengthily delay.. Hope it works out for shareholders..

The MILA results not great this morning with best being 5m at 2.78 g/t from 183m

JAN could smash that out the park with 5m from surface with circa 16 g/t.. Lets hope so..

The share was in auction for 5 mins after the bell..

I'm similar, sold WSBN a few weeks ago as IMO looking dodgy.. Was in WSBN 2022 and lost money but managed to sell at profit this time..

Nearly got suckered in too far again by RP.. So far same play book over there re encouraging visual cores, two rigs on site 'exciting times' but it dripped down for weeks in 2022 before assays out then obviously a big fall on non commercial grades..

Simply fact is, they are consolidating as they are worried it falls so much on assay results they are back below 0.1p and they cant raise anymore in future and company dead... RP put in £300k at start of year but if he can get another £200k out for another 3-5 years then he quids in again.. All IMO and would love to see success over there for eh shareholders..

JAN looking tremendous and still low market cap... Visibly gold, some good intercepts on or greater than 5m from surface and we will be flying...

1.85/1.9p now..

Where does this settle before news... 2p??