Member Info for MisterPositive

been crazy last few weeks at work...

just noticed the RNS and 187 page Technical report.....most of it is far too technical for me TBH.

browsed through just few pages at the start.....

..."The main Formations in this area are: Barroso Formation, located in the east part of the area and described as volcanic sequences, and the Penderisco Formation, sedimentary sequences in the west part of the territory, laying down under a continental slope environment, which partially cover up the Barroso Formation.

The Barroso Formation is part of the Igneous–sedimentary sequence that has many of the most important minerals deposits of the Oro del Cauca Belt, including the Burítica deposit."

To me this provides further validation that Anza looks very much an extension of 'Buritica' gold deposit...being only 50km to the south of Buritica gold deposit.

High gold grades at APTA (Anza) drilled so far provide a very strong similarity to 'Buritica' gold deposit which already has about +4 Moz resource + 4.7 Moz (Inferred).

Don't be surprised if it does a big move out of no where. Already at 3 month lows after 60% drop from 13p. Price moving catalysts ahead.

Resource Update and restart of drilling should get this moving again on better and firm footing. Bit frustrating I admit, but patience required. In the meantime, my stance is: Buy, accumulate and Hold. GLA.

Should not be that far away now. Followed by Anza drilling. 5x bags from here....no brainer. only gives us £42m MCap (28p) which would be at the low end in my view.

HRS, Good work. Thanks for sharing the reply. Much appreciated.

Now that Uruguay re-structuring deal has been agreed by approx. 70% of Creditors, OMI can focus on building value at Anza. If Newmont is paying +$30m+ $4m cash to acquire 65% ownership interest in Anza deposit in phase 1&2... Then on 100% basis, Anza valuation would be: $34m x 100/65 = $52.3m (27.5p minimum). Above would be the lowest possible valuation and EXCLUDES all the Upside. Potential future value, could far exceed $52m depending on how big Anza high grade Gold deposit turns out in the end. IMHO.

SuperRoty, I've had a bad 2018 also. Had high hopes with a few, especially that Oil play...but oil exploration is always hit n miss...took some risks there but that was my own decision. OMI has got amazing high Gold grades from just 10% drilling Anza. So much so, that APTA has been declared a discovery. Newmont made 15-20 site visits before coming on board. Secured first refusal with a 19.9% stake at 5.4p.... OMI being fully funded by Newmont to commercial production. Uruguay re-structuring was the drag that brought the price down to 5.4p level after hitting 13p in Sep 2018. Fully expect OMI to blow past that 13p in coming weeks soon as drilling plans are known. Wishing you and other holders here a happy & much prosperous 2019.

May be... Could see 2x RNS next week, NI 43-101 compliant Technical report & Anza drilling plans for 2019. Stock market is a mechanism to transfer Wealth from impatient to the patient... AIM is news driven...punters move elsewhere during quiet periods. 5.4 has been support for past 2 months....MMs have kept it there. Soon things should pick up here.

SuperRoty, Drilling results have already been outstanding.....why else you think Newmont is here after making 15-20 visits of their own. Have you not seen the high grades already from just 10% of Anza gold deposit drilled to date.

A new bull cycle for gold is in store for 2019, and investors could see prices go up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming. Tucker said that $1,900 an ounce could be expected in gold’s next cycle peak, but that won’t happen any time soon. “We’re calling for $1,500 next year, that’s a 22% increase in the price of gold, it’ll be one of the best performing markets in a very, very volatile year for equities,” Tucker told Kitco News.

Hit $1300.40 intraday.

Technical report could come anyday. Yes they expected it to be filed by Dec but guess they were busy with Uruguay in Dec. Next week would be welcome followed hopefully by the announcement of detailed drilling at Anza.

$500/oz AISC is amongst the lowest quartile. making high grade gold deposits like Buritica and Anza highly profitable. Key is always early entry before price runs away...as noticed here before few times, when price jumps 25-30% without warning.

$1300 coming soon...hit $1294.30 today. 1/3 of market watchers forecasted Gold to be over $1500 by end of 2019. If Anza also depicts under $500/oz AISC, then Booooommmmmm Anza technical report due anytime.

minimum in 2019 in my view. I see OMI outperforming rest of its peers in 2019, rising from an incredibly low MCap. Uruguay creditors also agreed to take OMI shares in lieu of amount owed to them. They would be looking to make many folds here. Senior management also swapped a decent % of their salaries for OMI shares. Clues are all there for the huge upside from such low MCap. Buritica gold deposit just 50km north of Anza already got approx. 4.48 Moz (Measured & Indicated) 4.5 Moz (Inferred)

Moosematics, Excellent find.....superb 3D imaging in that video. Had not seen it before. Massive $1.16 Billion NPV for Buritica @ $1400 Gold and $17 Silver. 253,000 ounces annual production over 14 years LOM. If Anza resource numbers are even 1/4 of what Buritica Feasibilty has highlighted, then OMI potential valuation would be over £1.50 a share.

Buritica high grade Gold deposit being just 50km to north of Anza is the best proxy with AISC of only $492 per ounce with same geology. These are extremely profitable high grade gold deposits. Even Gold at $1000 would generate 100% profit margin. At $1500 Gold price, we looking at 200% profit with costs under $500 per ounce. This could be in £££s....and not surprise me if it touches 2006 high of £3.00 once again in next 24 months unless early Take Over. Technical report due anytime.

NPV for Buritica is $860m for proven 3.7m ounces at $1200 Gold and $15 silver. At $1300 Gold and $16 silver it jumps to a massive $1.01 Billion. If we take even only 1/5 of the 3.7m ounces proven at Buritica, then potential Anza NPV valuation for even 500,000 ounces would be over +60p a share.

Thanks professor. Had to clarify, some folks spreading misleading comments on GGP board, conveniently leaving out key background details to push their own agendas.

Looking forward to OMI coming alive in 2019. HNY