Firering Strategic Minerals: From explorer to producer. Watch the video here.
Market cap of OMI is now just over £50mil, but the real kicker...just 80mil shares available on the market, and 40 of which is available on AIM platform, do the maths, do the research and tell me it's not going to move up considerably
Bancal, i think you need to research a little better/more, Columbia has become a lot safer, having had much involvement by the government to secure foreign investment over past few years, it's becoming a hot bed for PM mining as they move away from coal. site next door sold for 1.2b Australian dollars this year, tells you something, not to mention two of the top ten mining companies in the world seem to think it will work just fine for them ;)
anyone looking to invest, do some research, try and find the negatives, look at the unreal potential being unlocked for all to see, with the big boys supporting us and leading the way, proven success right next door, whilst currently sitting at a very small Market Cap compared to any other explorer in a similar position...and tell me this won't keep rising to find somewhere near true value
Nice RNS, I think this definitely has good prospects, but if you want to see one big sweet spot, also take a look at OMI and what they have, 24000ml to start, open in all directions, two top ten world miners Involved now and fast tracking, site next door just sold for £840mil, and market cap is currently £28mil! Apologies for off topic, but certainly worth researching
I'll second that mapp. Many thanks to Bhargav for all the early posts and info that helped me decide to take an in depth look into OMI and the endless positives. Looking forward to the future ahead and reading more views & info on this board
This excellent over view from Degsy shows the huge potential here newtothis22
OMI has been in limbo not knowing what was going to happen regarding operations with Newmont at Anza. The last RNS put those fears to bed and in addition another major who have been after Anza for some time actually pulled off a 50/50 deal with Newmont and created a full time team to develop Anza. So 2 majors get 75% and fund 100% operations and Omi is free carried for 25% and also revives cash payments during operations It’s a deal made in heaven. We know the gold grades are massive at Anza but how big are they for 2 world leading Majors to split 75% of it between them. What makes such a move worth their while, 5m oz, 10m oz each? They are fast tracking Anza to production and its neighbour on the same belt sold for $1.4bn. Omi cap stands at £25m with 160m shares in issue. 48% free float. Newmont hold 18.23%. 52% not in public. Ggp £760m cap 30% free carried from a less developed position with newcrest and no cash payments and much lower grade gold. Newmont actually walked away from ggp due to low grades. Ggp dems with Newcrest make sense as it is an extension pretty much of their depleted claim. For omi to reach parity with ggp you are looking at circa 50 bags today. At 100p sp the cap is only £160m. No dilution or funding issues and free carried by the 2 world leading majors. Remember ggp still dilutes to fund their other gold claims. It’s a case with OMI of buy them at this low level and let them multibag over and over as we know the market will eventually allow it to catch up to the ggp ballpark valuation which has just come down from £1bn to £760m. Massive upside now fully derisked for OMI and huge gold grades.