Member Info for MisterPositive

Aragon fault line runs upto 7 km where gold has been identified

Plus Newmont paying $4m cash to OMI on top of $30m spending all the way to Priduction at Anza gold deposit.

Mcgoogle, At Anza land package, APTA has already been declared discovery. Next targets should be on the whole Aragon Fault line...

Higher Gold price and Uruguay gold mine should become a cash cow. Creditors were very smart to take OMI shares in lieu of amount owed and benefit from both fronts - Uruguay gold mine production and Anza drilling upside....no brainer. Edison had 30p price target on Uruguay operations alone before Anza.

Time to buy is when share is bit unloved, instead of chasing rainbows elsewhere and buying on a spike. MCap is the true measure....and this MCap is way too low any way we look at it.

Just waiting for drilling RNS now

1) High gold grades at Anza from just 10% drilled to date.

2) NEWMONT funding Anza with $30m spending all the way to Production + paying $4m cash to OMI.

3) Uruguay deal agreed with Creditors who are happy to take OMI shares given the massive Upside yet to come. Production from Uruguay's producing 'San Gregorio' gold mine could also come back On-line during 2019. At $1400-$1500 Gold price, SG gold mine could add very significant Annual cashflow to OMI equivalent to our current MCap......how crazy would that be ?

4) Directors also swapped fair chunk of salaries for OMI shares, to benefit from the massive Upside.

5) Only 50km south of high grade 'Buritica' gold deposit sitting on c.4.0 Moz gold deposit with average gold grade c.8.4 g/t PLUS, 4.7 Moz in inferred category. Buritica shares same geology with Anza on the same highly gold rich mid-cauca belt.

6) Only 150m shares in issue with only about 100m shares in free-float.

7) NEWMONT owns 19.9% equity stake in OMI with first refusal rights to increase their holding.

8) Anza already got Mining and Environmental permits in place.

9) Underexplored 100 km long greenstone belt in Uruguay and operational processing plant and ALL infrastructure in place.

10) Anza >200km2 property package.

11) APTA high grade discovery confirmed - mineralisation open in ALL directions and at Depth.

12) gold mineralization confirmed in another target PLUS 5 new highly prospective targets identified.

12) All season access with excellent infrastructure, including grid power, water and labour.

13) Lowest MCap of only c.£8m compared to other gold explorers.

14) Share price already at 3 month lows....(won't stay this low forever).

15) Gold forecast for 2019...

$1425 (Goldman Sachs)...“Goldman Sachs says it is bullish on gold for the first time in five years"...
$1700 (J.P.Morgan)
$1700 (Deutsche)
$1450 (Merrill Lynch)
$1400 (Credit Suisse)

219 g/t
176 g/t
72.3 g/t
70.99 g/t
58.03 g/t
45.62 g/t
40.37 g/t
40.25 g/t
29.49 g/t
20.89 g/t

Not seen something like these in a VERY long time.....

That's great.

Agreed. Typical AIM shenanigans. Should gain traction here soon as drilling restarts. May be a reminder needed of the mega high Gold grades here from just 10% of Anza deposit drilled to date. Only 150m odd shares in issue. Upward move should be very pronounced with only about 100m shares in free Float unlike many Billion shares in other Gold explorers.

LONDON (Alliance News) - Orosur Mining Inc said Thursday a technical report filed on its Anza gold exploration project in Colombia highlighted its location in the "most important" gold mining district in the country. Orosur said tests and surveys carried out have identified five initial targets in the property, located 50 kilometres west of Medillin, in north west Colombia. "Most important"...gold mining district in the country...with 5 new prospective targets, on top of the amazing grades known so far and we sit at £8m MCap....LoL Massive disconnect here between price and true value.

When you compare to other explorers, who seem to be valued at many many times OMI MCap...totally insane. MMs sure know how to feckk up momentum.

No wonder most of AIM investors lose money....they sell at the lows ??? Coiled spring comes to mind...when this goes...

Barrick looking at Latin America again....Bloomberg news last night. Ex Waymar CEO Pablo, now at Barrick Gold. Could he be looking to get back in Anza given Gold prices on the rise again....unlike bear market when they sold Anza to OMI?

Price here could double in a flash soon as they get going with the drill. Current price at 3 month lows...won't be low forever.

Seems to me market just waiting for drilling to restart at Anza. Technical report provides strong validation that Anza is going to be a huge deposit similar to 'Buritica' with same geology and on the same Gold rich Mid-cauca belt and only 50km to the south. Extrapolating drill results from just 10% of the larger Anza high grade Gold deposit, it has all the hallmarks of Multi-Million oz Gold deposit. Drill targets / zones probably being finalised by Newmont & OMI in the background in my view.

I think they can bring Uruguay back online at $1350 Gold. At 1250-1300 total cost / oz they would still be profitable. At $1500 Gold price, they would be generating about +$7m positive cash flow annually on 35000 oz operation.

Karl, Good point. Even Uruguay creditors swapped amount outstanding for OMI shares. Coz again cash settlement is just that but Shares Upside is unlimited. They could get 20x times more return or even higher. I see this hitting 50p this year minimum once drilling restarts and further high grade results start coming in. Even at 50p, MCap would be £75m only.... and that would still be very low MCap given the Massive Upside from current crazy low MCap

The BOD have already swapped a fair chunk of their salaries for OMI shares... Now why would they do that?... Salaries are fixed, whereas shares Upside is unlimited....Hmmmm

SL,

you probably right, Newmont probably are the ones who pushed for the Technical Report to be done sooner than later, so they can get a move on and highlight specific drill targets / Zones.

Could see a drilling plan / dates RNS very soon, may be next week ?