Member Info for MisterPositive

Bought some today. Looking good ahead of drills. SBB1, Like your numbers :-)

Are MMs not interested in creating volume here ? Same pattern for weeks now.

Kenj You are quoting figures for Uruguay. Those high AISC costs were the reason they stopped operations at San Gregorio in Uruguay. After mining about 1m oz at the peak, grades in Uruguay dropped with unit costs jumping making SG uneconomic. They have the option to go underground Mining, to source new ore along the entire 100km greenstone belt that OMI own. But they are now focused at Anza in Colombia with Newmont where AISC costs are so low, making even a small discovery very profitable. Anza is totally different animal and in low cost Colombia. That is why Newmont is snapping up high grade Gold deposits on the high grade rich mid-cauca belt. I see all these companies owned by Newmont in coming years. After Peru, Newmont seem determined to dominate Colombia, unless another Major jumps in at some point. Would be nice to find out who these other suitors were, that Newmont outbid to get 19.9% Equity stake in OMI....which BTW is totally separate from the $30m spending that Newmont has committed as a strategic partnership deal to take Anza to production.

* Kenj Damn iPhone.....

Kent, I used Buritica as proxy which has AISC of $492/oz....lowest quartile as per their 2016 feasibility report. Anza might be similar or slightly higher than Buritica. It's only a guide but makes these Gold deposits very profitable due to much higher Gold grades. Buritica averages around 8.4g/t for their 4m oz resource from memory.

Q: What Buy Out price can we expect? Guess it would depend on further drill results to get an idea how many Million Oz is Anza sitting on? And at what stage does the Offer come? +1m oz +2m oz +3m oz +5m oz Over 5m oz However we can work out a rough approximation for each of the above, using $1300 gold price and AISC of $500 per Oz as a guide ($800/oz margin) for Anza and divide by 150m shares. Take just 20% OMI share of the gold mine which Newmont will build and pay for to earn 80% share of Anza gold deposit overall. That gives you from low > High: 81p to over £4.00 per share potential future valuation. Potential future Buy out could be anywhere within this range in my opinion. Don't forget OMI all-time High was about £3.00 per share hit back around Feb 2006.

I would expect drilling plans to come soon. I know patience is a virtue....as antagonising as it might be. Let's not forget Newmont outbid other companies to get in here... who are these other suitors? Company directors & even Uruguay creditors agreed to be paid in OMI shares... Why would they take shares ? Newmont not going to wait long.

Yes 2019 should be our year. And the word is Newmont.

SL, No mate. Been busy with Tax self assessment work load. Might do over the weekend.

Drilling RNS would be the major catalyst here. Lot of other Gold explorers already done 100% - 200% rise. Lowest MCap here only £9m and only 150m shares in issue. Move up could be very pronounced. We should be next to make a major move Upwards. Holding tight here.

Those Buritica NPV figures are based on $1300 Gold and $16 silver. We are already above those prices for both. They are even higher at $1400 -1500 Gold. Once Newmont take it to Production, OMI would own 20% of the gold mine without spending a penny as Newmont paying for all costs and take 80% share, unless they make an offer early. With potential AISC costs under $500/oz, Anza gold mine would be hugely profitable.

If Buritica NPV for 4m oz Gold is over $1 Billion, then potential NPV for Anza for just +1m oz of Gold would potentially be $250m. That would be c £190m (£1.27 per share). Current MCap here is £9m only. Massive Upside from current entry level. IMHO.

TBH I don't know for sure. Drilling RNS cannot be that far off. Just waiting for Newmont to finalise drill targets after the NI 43-101 Technical report highlighted 5 new zones. May be Newmont trying to prioritise the order of drilling out those 5 zones/targets.

Continental Gold up about +30% just in last 2 days after reporting even more high Gold grades this month. MCap C$445m. Once drilling re-starts at Anza, I would expect a major re-rate here. Anza being on the same Gold rich belt and only 50km South of Buritica. We already seen mega gold grades at APTA (Anza) which has been declared a discovery. Granted that Buritica is at more advanced stage than Anza, but gives an indication of the 'Massive' Upside here from current low MCap. Sitting tight here as this should spring to life without warning.

Value here should shine through in due course. Continental Gold MCap at C$411m now after hitting over C$600m last year. OMI MCap not going to stay low forever

at $1300 Gold and $16 silver As per 2016 Feasibilty report. Anza on same Gold rich belt.

Hit $1320.40

Could be coz Self Assessment payment is due by 31-Jan this week. So some might have sold a bit to pay their Taxes

$1309 Anza high grade Gold deposit looking better and better.

Crazy isn't it....not many shares about. Imagine the rise when volume comes in.