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Cash payment from Newmont/Agnico. And their drilling commencement and schedule.
Fast tracked. Brad states regular updates as OMI are passengers now they have the big guns running the show and Omi will have plenty of time in between eating biscuits
Up 11%
Soz got mixed up with thr and wsbn. Very early stage as you say get some air survey results through etc then get some drilling done.
I think people underestimate the amount of proving up Anza has to date. 24,000 metres
Ggp over 100k metres
Alba about 1300m looking to increase to 5k metres
Very costly and times consuming operations
All free to OMI plus heavyweights of the business who have all the best personnel, infrastructure, equipment and expertise supplying the lot FREE due to the quality of potential Anza has shown from 24000 metres of drill results.
Remember omi owns 100% currently as Newmont and Agnico need to do a bit more work to earn their 51% then a bit more work reaching BFS before they own 75% between them leaving OMI ultimately with 25% free carry.
So today OMI owns 100% with 100% free carry and as the resource is further proved up from its current level of discovery the majors will slowly earn a greater percentage of Anza.
So as the majors pay to prove up Anza free to OMI the value increases and OMI cap responds north. So right up to the BFS being completed which is again free to OMI, OMI holds a much greater percentage than both the majors.
If Newmont decides to buy out OMI and Agnico before the BFS being completed OMI will own 49% of Anza and Agnico will at that stage have 25.5% of Anza
So now it makes sense that Newmont also have a 18.23% major holding in Omi
Win win win for OMI. The writing is on the wall guys Newmont is the worlds No1 for a reason
Newmont bring on Agnico to exploit all their infrastructure, equipment etc etc. Once they are happy they buy out OMI’s 49% and Agnicos 25.5%
Only when the resource has the BFS completed do the majors own 75% between them but in the mean time they fUND EVERYTHING PLUS CASH to OMI.
DREAM DEAL
Exactly the distance in between ggp and wsbn Hav, you could fit in the uks Newcastle to London. Lol
Knowing this stock for me I’m more concerned about missing the upside than the downside as ultimately it is destined to resemble ggp’s cap with just a bit more confirmation of the resource.
Newmont and Agnico are commencing from a confirmed gold discovery status with 24k metres of very high grade gold results already banked. It is now just a case of exactly how big Anza is.
Buritica grades equal and lower than Anza and has grown from 1500oz to 10-11m oz and growing.
Exactly geologically analogous to each other it’s just a case of how Far the resources expand. Buritica is growing the more they drill so for me the writing is on the wall. Keep em tucked away the majors are not sleeping over this time is money.
That’s just the tip of the iceberg. The whole impeachment hoax was a decoy to take our eyes off the real corruption. The FBI were in receipt of that evidence on Biden during the hearings. The whole dem party is a cesspit. The secret in Washington is that there are no secrets. Dem senators top to bottom are embroiled in corruption and self preservation. If they lose the house and Biden loses to Trump they are all up the shi tter
27.5 was second support and held well so we shouldn’t go lower now all things being good.
Closed on second support.
Boom. Taking about this huge news. Buritica is open guys.
https://m.miningweekly.com/article/zijin-officially-opens-buritic-2020-10-27
Takes experience and discipline to realise that and practice.
Scale in
Through cash payments and no dilution. Free Carry
Welcome the new buyers. Newmont supports toy.
Strong support here.
Yes perfect and quite likely. Sat on second level support now.
With 24k metres results already in Anza is confirmed a gold discovery with high end gold grades so drilling is commending from an advanced point not from say an air survey ground floor level.
As Brad states Anza is in the top 2% of gold prospect discoveries world wide.
Newmont funding along with Agnico 50/50 jv is testimony to this.
No cost to OMI plus cash payments the next one of which is days away along with commencement of drilling.
Bonus is most yanks love their country and will not vote to destroy their nation so trump will win don’t listen to the mainstream media narrative. It’s all the same spin they tried with crooked Hillary and Biden is part of the same con artist crowd. .
Omi will be closer to 100p come Xmas regular updates drilling starts in days. Cash payment to omi in days also. Holding and buying here.