Member Info for MisterPositive

Historical drill results are solid from 24,000 metres of drilling.

Lot more drilling to continue throughout 2021.

Just over a month now with 2 rigs drilling. Now the company wants to do a NEW presentation in Jan. Results due soon.

Get ready for a very busy and prosperous 2021 for OMI.

All hallmarks are there

Cashed up $6m
NO DEBT
2 World class Gold producers on the ground
All drill costs paid for to Production
Anza sitting on sweet spot on Gold rich mid cauca belt

My own estimate and 12 month price target here is £2....conservative.
Unless Newmont or Zijin strike an early Take Over offer.

Imho, Dyor.

Newmont are also well aware of Zijin sitting just 50km north of Anza watching developments.

Zijin - chinese Govt mining giant been on a spending spree buying Gold deposits in Columbia. Certainly makes it very very interesting.

The whole Mid Cauca Gold belt from North to South seems like a river of Gold.

And we got worlds 2 best Gold producers drilling it all out for us.

Had a look over the weekend gold deposits on the rich Middle Cauca Gold belt.

Buritica 11Moz (estimates of up to 30Moz)
Titribi 8Moz
ANZA..........
Quebradona 21Moz
Marnato 8.1Moz
La Colosa 28.3Moz

MMs trying to grab few by the looks....

Webb's
Warrants are at 25.5p so price has to be higher than that to exercise warrants, e.g
30p when warrants are well in the money.

Generally speaking and seen ditto on so many other stocks...that is the MMs modus operandi. With Volume increasing as we get closer to results, we could see 30p bit early.

More than 100% upside from current levels.

This could re-test 46p in coming weeks on route to 50p plus in my view.

Could we match Buritica ?

Continuous drilling in 2021 should provide some clues in answering the above question.

My own 12 month price target here is £1.50 - £2.00

followed by Newmont Buy out at a premium to above price range.

Imho, Dyor.

Burituca which is currently at around 11Moz and growing should get added to that Top 10 list at some point.

Buritica is estimated to be a 30Moz deposit.

https://www.mining-technology.com/features/feature-top-ten-biggest-gold-mines-south-africa/

Up 10% on TSX on very good volume by their standards.

Had a cheeky top up at 1.07 today.

Next year should be good one.

Did have a cheeky Top up here at 74....too good to miss.

RoronoaZoro
Good to see you joined the party at OMI today.

Newmont was outbid by Chinese state Gold giant Zijing Mining with an ALL CASH offer of $1.4 Billion for Continental Gold who owned the high grade Buritica Gold deposit that just keeps growing.

Production at Buritica started in Dec 2020 with Annual production of 300,000 Oz.

Buritica resource up over +11Moz and growing. Estimates are that it could be a potential 30Moz Gold deposit surpassing the 28Moz La Colosa gold deposit south of ANZA.

ANZA looks to be sitting in the 'Sweet spot' bang in between Buritica just 50km to the North and La Colosa further South on same 'Mid Cauca' gold rich belt.

Don't think Newmont going to let ANZA slip away like Buritica. I would love a Bidding war between Newmont and Zijing.

Yep. That's why we all are here.

That's why NEWMONT are here......lol

Let's see what Gold grades they put in January presentation. Otherwise why prepare another one when we had one last month.

Onwards and Upwards.

MMs defo collecting a few.....

We could see 30 next week.

Buyers are getting back in now coz.....

Might be difficult to get any decent Qty once we move to Jan.....which is also very good month for Gold.

Perfect storm building here.

MMs trying to grab a few here n there....