What to do?14 Apr 2026 09:38
I have some shares here but i've never posted anything. Been doing some research latley and will post the findings. My predicament is do I sell my OMI shares to buy more GGP. I have been well and truly stung with my EUA shares and don't want the same to happen here
1. Does Pepas move from “resource” to an actual economic study?
This is the biggest one. Orosur’s February 2026 release said Pepas would move “immediately” into the economic study and permitting stage, and the March 2026 NI 43-101 technical report says a conceptual techno-economic analysis / Preliminary Economic Study is recommended. Until you see that kind of study, Pepas is still mainly a good geological story rather than a de-risked development project.
2. Do permits start progressing in a concrete way?
Management has said permitting is part of the next phase, so I’d look for updates that are more specific than general wording, such as named permit applications, environmental baseline work, community consultation milestones, or a clear timeline. That matters because a maiden resource alone does not create a mine.
3. Can they grow Pepas beyond the maiden 201k oz indicated?
Pepas currently stands at about 1.14 Mt at 5.46 g/t Au for 201,000 oz indicated, plus 0.19 Mt at 2.99 g/t Au for 18,000 oz inferred, and it sits within a conceptual open-pit shell to about 100 m depth. For shareholders, the next meaningful upside driver is whether drilling can expand tonnage, improve confidence, or find repeats close enough to become part of a future mine plan.
4. Does the new zone near Pepas turn into a second meaningful body?
This is the freshest item: on 14 April 2026, Orosur announced a new mineralised zone discovered near Pepas, with drilling about 100 m west of Pepas returning 26.4 m at 2.85 g/t Au and 14.45 m at 8.27 g/t Au from surface. That is exactly the kind of update I’d watch closely, because a nearby additional zone could matter a lot more than another routine infill hole inside the existing resource shell.
5. Does APTA become a real second leg of the story?
The same 14 April update also said drilling at APTA has commenced and an airborne magnetic survey has started. If APTA or another Anzá target begins to produce strong intercepts, Orosur stops being just “the Pepas company,” which could improve the valuation story. If not, the market may stay focused almost entirely on Pepas.
6. Watch cash, burn rate, and any new placing.
This is the main balance-sheet risk. Orosur had US$16.28m cash at 30 November 2025, and management said it had about US$14.92m cash as of the 23 January 2026 MD&A date. But the accounts also still say the company’s continuation depends on obtaining adequate financing, and that there is material uncertainty around going concern. So every quarter I’d ask: how much cash is left, how fast is it being spent, and are they hinting at another raise?
7. Watch dilution just as closely as drill results.
Orosur raised CAD$20m gross in the oversub
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