Member Info for MajorThomas1

Ezlee87, the tropical dry forest protection issue has been overstated on here before but IMO it will have minimal to no impact on the Anza development.

As per the latest Annual Information Form filed to the TSX:

"The environmental authority (Corantioquia) has already determined that the area to be protected within the Anzá titles will be categorized as an Integrated Management Regional District. This category allows mining activity to co-exist with the TDF under special controls and requirements. In parallel, the Corporation is in advanced discussions with Corantioquia together with neighbour mining players in order to agree a new delimitation of the TDF which reduces the area affecting the Anzá project."

Regarding the Newmont walking issue I reckon it's highly unlikely

Agree with the vast majority of what you say Bhagrav.

However, I personally do not see this as very risky anymore. Now that Uraguay is sorted the only potential issue I can see is if Newmont were to pull out of Anza.

Personally I cannot see that happening so looking forward to a nice return here.

Vicjain, I agree the lack of news can be frustrating. Although the pathway is laid it will be a very long journey. Exploration and development of natural resources always is.

The big plus point here is the Newmont deal sees us through to production whilst maintaing 20%. I think the size of Newmonts potential investment in Anza has not been realised by the market. The Buritica project cost Continental $512m to develop so that's a pretty good benchmark for the development costs for Anza and Newmonts potential commitment to the project.

My understanding is Newmont can walk away by the 7th of November or pay Orosur the balance of the outstanding year 1 work commitment, around $690k. If, after their pre contract due diligence and the information they've seen over the last year, they pay up to maintain their earn in they will be fully commited and it is only a matter of time before we realise those exponential returns.

Agree it is difficult with so many variables and I understand it is never easy to value projects and companies like Anza and OMI. So early in the project development, with so many unknowns it is a never more than an educated guess

Personally I like to find an analogous project or company and use their proven value to provide some comparison for the the project or company I am looking at.

In the case of Anza and OMI, given Continental Gold's Buritica project is practically next door, is currently under construction and Newmonts stake in both companies we have a very good project and company analogy. If Anza goes to plan and is as large a deposit as we hope, Buritica today should represent where Anza will be in around 8 years from now.

So whats my target MCAP for OMI?

Continetal's current MCAP is $795m CAD or £470m. Continental own 100% of Buritica whilst OMI will probably own 20pc of Anza at the construction stage. So my target MCAP for OMI
is around £95m.

Given today's MCAP of around only £3.8m IMO that is a potential:

2500% increase in MCAP!

25 times your money!

25 bagger!

I know it sounds pie in the sky but IMO it's not. Maybe Anza will not be as big as expected and there are a lot of potential pitfalls along the way. However a clear pathway is already in place to that valuation with the Newmont deal and if they pay up to maintain their earn in by the 7th of November IMO that pathway will be concrete.

I would be Interested to hear the view of other OMI holders on where they see the companies valuation upon a success case at Anza.

So if exploration leads to a commercially viable project, a producing mine and OMI still own 20pc off the project what valuation would you anticipate for the company?

Not long now until we get confirmation of Newmonts full commitmemt or not to Anza and OMI.

They have until 7th November to pay the outstanding, incomplete, year 1 minimum work commitment to maintain their phase 1 earn in right.

IMO, payment will confirm they are in this for the long haul and gaurantee substantial returns over the coming years.

Non payment? Who knows, back to the drawing board.

My monies on Newmont paying up and a bright future for OMI and Anza.

Tick, Tock.......

At least the 10m shares is fixed. If it was for a fixed sum I would be more worried about the SP. £1m worth of shares at 3.5p is obviously double the dilution than £1m of shares at 7p.

All in all a IMO it's a good piece of buisness from the company to put this to bed. I's under 10pc of the shares in issue and removes the going concern issue. That alone is worth a substantial uptick in value.

Lonely, I understand that everyone has their own strategy and point of view. They are all valid to each individual person.

I also understand that their view in regards SP / valuation is totally dependent on entry point. LTH's here will have a totally different point of view from people entering at this juncture. One thing we all have in common is hope that Anza is as big a resource and success as possible.

Lonely, I have no idea why you take offense at my posts. They seem fairly Benign to me.

Anyway, after reading your reply a few times it does actually seem like you have some reasonable questions.

"OMI will become a Newmont subsidiary and taken off the market, in other words those invested will be f-ed with unrecoverable money".
IMO, OMI will never become a subsidiary of Newmont and the only way they will be taken off market is if Newmont buy them out. If all goes according to plan OMI will end up with a 20 - 25% share in a fully operational Newmont mine. Personally I believe Newmont will buyout OMI before first production but under stock exchange rules they will need to pay a fair price. What that price is will depend on how far through the development process we are but IMO itwill be multiples of today's valuation.

"If according Thomas post 8 years for Omi to show real potential value , how does he see the company surviving all that time without generating rising profits, or where should they come from if till now that’s the value it’s stuck at, below not even 10p but it struggles to pass 5p". IMO with Newmont covering all Anza costs through to production OMI will only need to raise relatively small amounts, if any at all, to cover any other GandA costs. Personally I am not bothered if they raise small amounts as the project progresses. There's plenty of running room.

"It was pretty much f@@@ed before Newmont deal so be real what sp do you expect next year this time, will there still be Orosur 4 years from now?".

You're right it was pretty f@@@ed before the Newmont deal.  However that had nothing to do with Anza. It was f@@@ed because of Uruguay situation. That's now resolved so no issues with OMI as a going concern from now on. Regarding the SP I have no real interest in SP other tham how it effects MCAP. I also don't like predicting short term valuations. What I will say is that in the success case I expect this to eventually realise a valuation of £95m to £125m. So excluding the effect of dilution over the years an SP at today's share issue off 80p to 102p. I don't think we will see that due to some small dilution along the way but as for next year, 4 years or 8 years pick a number between 4 and 102.

"What if Newmont say they seen enough and leave..."

IMO  The SP will plummet, OMI will need to find another partner and will probably raise more substantial sums to keep the lights on until they do.

"8yrs do you know what stretch of time you are talking about unless you expect Omi to go up like Bitcoin, I am not impressed and would never invest for that long or advice anyone to do so".

I really do not understand the question here but sure but if you think 8 years is too long then fair enough. Bitcoin? WTF.  Your not impressed? So what it's not my intention to impress you or anybody else. You wouldn't advise anyone to invest for 8 years? Thank God your not giving anyone investment advice.

Would be interesting to hear other people opinion of when we will realise full value from OMI.

What's your take noob, lonely?

I recon phase 1 will take the 4 years advertised for further exploration and resource definition.

I cannot see how it takes 4 years to progress from phase 1 to complete the pre-feasibility study. So more like 2 years for phase 2.

Phase 3, the feasibility study should take 1 to 2 years.

So IMO total time to FID by Newmont 7 to 8 years.

Lonely? I can see why!

Thanks for the advice I will continue to plough any spare cash into my long shot stocks, OMI included.

FYI take a look at Newmonts last to annual reports and you'll see Anza is in there as one their highlighted exploration opportunities.fair enough it did get a bigger write up last year but definately still on the radar.

IMO there plenty going forward for new investors who buy in at these prices. I think this will be a slow burner but upon success it's got 10 bagger written all over it.

Why so negative Webb's? How long did you expect to hold here?

Sure you can make some quick bucks on the peaks and troughs but this is not a get rich quick company.

IMO we can all get rich slow but it takes time to develop mining projects. I reckon we won't see full value here for another 8 years or so

Couldn't agree more regarding Peter Taylor and Peter Blakey. The whole Dana team got a lot of kudos and respect for what they achieved there.

The fact the 2 Peters are here and have some skin in the game, around 40% of the company between them, speaks volumes for the assets and prospects of developing them.

In case anyone doesn't know the Dana story here's a link from telegraph at the time of the sale to KNOC.

https://www.telegraph.co.uk/finance/financetopics/profiles/8113069/Dana-Petroleum-chief-Tom-Cross-reflects-on-the-deal-of-the-decade.html

There's certainly a lot of interest in Namibia. Hopefully GBP can secure a farm in and progress exploration to get some interest going.

This is so far off the radar. No trades in the last 2 days! The spread must put people off but if like me your willing to hold for 2 to 3 years the spread doesn't matter.

All this needs is some patience. We are definitely on Newmonts radar. Anza has been in there last 2 annual reports, they are spending reasonable sums on the project and are holdong OMI stock.

Reality is that this project is still at a very early stage. We still do not even know what we've got in the ground yet and to my mind it will be at least 8 years before we see gold poured at Anza.

So if what you want is quick returns you will probably need to trade the highs and lows here or chase some boom and bust thrills elsewhere. To me there's no need. 8 years is not so long. Not so long when you consider that this could change the rest of you life beyond that. Because IMO, if you can amass enough shares at this ridiculously low MCAP there is serious profit to be made here.

and that's when the MCAP is so low!

If anythng comes of the farm in in Namibia, Drilling and development of Thali or drilling on Algoa-Gamtoos then this will blow.

If not the MCAP can't shrink much further purely on the asset value.

IMO fortune favours the brave

Should be some interesting developments over the next few months. Hopefully positive developments!

IMO With the MCAP so low any sort of positive news should give the SP a significant lift.

Took my first dip into TRP hoping something can be agreed regarding Namibia farm out.

If TRP were to receive some cash in return it could also help fund Thali drilling. It's a long shot but if it did then the TRP SP, with drilling in Namibia and Cameroon, would be exponentially higher than this on on potential success alone.

GLA DYOR

Uruguay is finnished for OMI. its all about Columbia now. Hope it works out.

GLA