OMI vs GGP and Solg13 Sep 2018 08:58
Chickndinner,
10-15 Bagger was in reference to MCap and is more appropriate under this heading.
(1) GGP
reached £90-£100 MCap on hope of Newmont JV at its peak, before they walked.
(2) Solg
Solgold was struggling to fund Cascabel on its own. Price was depressed and stuck around 1p for a long time. Then Maxit Capital introduced NewCrest to Solgold and it flourished to 46p reaching over £500M MCap at its peak.
Point is...Was not overnight process, but gives you an indication of the price trajectory now that Newmont is already onboard and picking up all costs to Production giving OMI 20% free carry. This is even better than Newcrest/Solg deal.
Drilling to recommence soon at Anza.
OMI current MCap is only £6.5m...15 Bagger takes it to c£100m MCap. That in my opinion should happen as drilling progresses. In my mind not a matter of IF but how soon we get there.
Do your own research. Lot of it already been posted on this bb forum. Hope all make a very healthy ROI.
Imho, Dyor.