Member Info for MisterPositive

To be clear...there appears some confusion. Loryser is under voluntary Creditor protection via court. Loryser is also a seperate legal entity. Those liabilities relate to Loryser not OMI. Court appointed controller needs to make a list of Loryser creditor claims etc. relating to those liabilities. Controller also makes notes of Loryser assets. Loryser Creditor meeting in Dec 2018. Orosur has plenty cash balance with another $2m to come in.

Personally not that bothered with charts and Golden Cross etc. OMI is significantly undervalued... Valuation gap between Continental and OMI should correct itself over time. Even 375,000 oz is 10% of 3.7 Moz at Buritica with NPV $860m. Resource at Anza could also come in higher than 'Buritica'....time will tell.

We should still get a big Turkey this Christmas.....next year one could be real fat one.....lol

You might get Drilling RNS tomorrow or this week sometime is my own guess. 16 Oct 2017...RNS was the one which is when they commenced Hole 54. Results came in 4 weeks on 14 Nov 2017. So just going by the anniversary...would be a nice welcome coincidence.

No idea about timeframes my friend. We just need to get next drill plans...they might provide some insight as to when they plan to report their maiden resource. Reading back old RNS from 2017, plan was for first maiden resource in H2 2018. But that was well before Newmont showed up. So let's wait for their plans on drilling and maiden resource estimates/timeframes. I do not see downside risks from already crazy low MCap but unlimited Upside. MMs can play all they want. I am not selling until I see a £ sign.

Yuri, Is Jessica your girlfriend ? Lol ;-))

Agree. OMI currently trading at a significant discount Vs peers. 500,000 oz (estimate) would be from only APTA target which is just about 10% of overall Land package at Anza. Not done yet at APTA...with mineralisation Open in all directions and at Depth. Continental Gold 3.7m oz from Buritica ($860m NPV) is the best proxy...we can pro-rata for 500,000 oz for OMI just to get indicative MCap for OMI. Continental MCap is CAD$490m

could hit $1250 soon. $1300 this week is also a possibility as Short squeeze kicks in further. There were record Short positions in Gold until recently...lot of money managers will need to close out soon IMO.

Today's RNS was old news about Loryser reorganisation. They had to put out a quarterly update as normal. Value driver is ANZA... They might even put out an initial maiden resource estimate....given the further high grade drilling results since previous estimates we are probably looking at 500,000 oz. Closest match is Continental Gold's Buritica Gold deposit with $860m NPV for 3.7m oz. Continental current MCap CAD$490m (was higher before). If we just take that as proxy MCap for OMI using just 500,000 oz (for now)....that would equate to c.£40m MCap today (27.25p). OMI is trading at a hefty discount imo.

Company in talks with 3rd parties for Uruguay assets.

As at 31 May 2017 company had:

502,512 Oz......(Measured & Indicated)
122,949 Oz......(Ore Reserve)

Spent over +$10m on the SG UG and West mine complex.

As Gold prise rises, value of those Oz goes up also.

Currently NOTHING being priced in for potential $$$ to be realised from Uruguay assets sale.

IMHO.

could come early next week. IMO.

Orosur Mining first commenced drilling at Anza (Hole 54) on 12 Oct 2017.......(RNS 16 Oct 2017).

Within 4 weeks...RNS 14 Nov 2017.....high grade mineralisation from Hole 54 was reported.

Interestingly, we are due news soon, and almost same time as last year..... got a strong feeling we might get RNS either Mon / Tue 7.00 A.M.

375,000-500,000 oz would be just from what they drilled so far at only the APTA target and they not done yet with mineralisation Open in all directions and at depth.

AGEOS, Don't think there is any mis understanding. Edison Research note in Sep 2018 quotes early indication of 3-4 Moz for Newmont to develop. That was after few site visits by Newmont. Only then Newmont came on board at a premium having gained early confidence. Much bigger target like...'La Cejita' is not even drilled yet as they still busy at APTA and soon Charascalla which could be part of a single much larger deposit.

Professor, AGEOS estimates seems out of date in the context of so much more drilling done by OMI themselves (holes 54-71) having increased mineralisation depth to over 400m now and still OPEN at depth. No idea where Ageos got only 12m depth?

Guerilla, Agree. Resource estimate from Anza overall could be Multi-million Oz. Could be anywhere between 8-12 Moz is my guesstimate. I am not a geologist but looking at grades and area drilled so far which is just approx. 10% of the total land package we could very well see 10 Moz or more at Anza. As always time will tell as further drilling progresses. But share price Upside from current low MCap is MASSIVE. Imho.

AGEOS, Good summary. Few things to Add. Orosur bought Anza from Waymar Resources in July 2014. > Holes 1-53 drilled by Waymar. > Holes 54-71 drilled by Orosur. MDA resource estimates were based on just what Waymar had drilled (holes 1-53). Since then Orosur Mining have found new high grade zones with continuous mineralisation. Also depth increased to 400m from 305m which was the original estimate (from Hole 60) and is still OPEN at depth beyond 400m. Hole 70 confirmed deeper mineralisation beyond 400m. Ultimate depth reached could be even higher. Next phase of drilling should provide better insight. KCGM...'The SuperPit' in Australia is about 600m deep. In my view current resource from just 10% of Anza deposit being drilled is lot higher. APTA mineralisation strike length extends 1.5km all the way to Charascalla target to the West of APTA with same geology and features. Charascalla is the next high priority target with Gold in soil and magnetic anomaly which is 3km x 1km in size. Company believes APTA and Charascalla could be part of one much bigger deposit.

Very impressive detailed summary. Thanks for the time & effort. Given that Charascalla shares similar Geology to APTA, and also as suspected by the company, if APTA and Charascalla actually join up across the intervening ground to form one major deposit, then we could be looking at much higher resource figure from just these 2 targets. Also to note that mineralisation is Open in ALL directions and also Open at depth beyond the 400 metres reached so far. La Cejita which is the biggest target in size / area and looks like 4-5 times bigger (from picture) than APTA has still to be drilled. Boundaries of Anza high grade Gold deposit should become even more clear as Newmont and OMI re-commence drilling. Either way it looks to be Multi-million Oz deposit, otherwise Newmont would not be here, especially after making multiple site visits themselves before coming on board.

Sep 2018 corporate presentation is packed with most of the info and summary to date. Saves you going through each individual drill results RNS.

Shelley, They are from Sep 2018 corporate presentation (Pages 9 and 11). Page 11....shows grades Over 20g/t....from select drill holes. Just google: Orosur Sep 2018 presentation

RBC analyst predicts $1333/oz in Q1 2019 as investors adjust their risk apetite given the geo-political headwinds.