The fact OMI is cash rich with no debt and having 2 high class majors running ANZA we find ourselves in an ultra strong position which is not attractive to the bucket shops and cronies in this game
Omi is simply out of their league whilst in this position. It is both good and bad but as word spreads and rainbow chasers get board of having their fingers burnt they will likely look for safer bets and taken long positions here.
No debt fully funded and cash rich with 2 top world majors on the ground running ops
Monster discovery endorsed by Newmont and Agnicos involvement.
After China bought Buritica with 3.6moz proven they continued exploration and have now passed 10moz proven. The more they explore the more they find. Geologists state on one of their videos that it may double again. Production started last Dec.
Newmont could of had Buritica but sold their stake, prematurely. They’ve not made this mistake with Anza.
Potential of what Newmont expects min 5moz and potential is what moves the price. Investors get involved for the future potential and in this case the potential is strong particularly because of who is involved funding the show. Both Newmont and Agnico.