Member Info for OrangeMoon

FYI

What Does "Breaking Ground" Mean in the Context of the Northern Zone Gold Mine Project?

Definition: In mining, "breaking ground" refers to the initial physical activities that mark the start of site development or construction for a mining operation. It typically involves preparatory work such as clearing land, excavating, or building infrastructure like access roads, to enable mining activities. For the Northern Zone project, it signifies the transition from planning and permitting to tangible on-site work toward establishing the mine.

So no... breaking ground doesn't mean 'more exploration'.

The grade control unit will provide further Infill results and exploration can continue afterwards.

Ginerhippo, you accuse people here of nit picking bits to suit their narrative, however this is exactly what you are doing to support your pesimistic views here.

Do you hold? I can't imagine someone holding who has such scepticism of their own holding. A balanced view yes, but I'm quite well balanced and my rhetoric is nothing like yours.

Is this a 10% free carry completely de-risk for ORCP until NZ is mined? Yes. Will the get there? Who knows... but when you have gold explorer's out there with market caps 10x of ORCP with 0 grade that can continuously dilute share holders until mine decision is made and then talk about how much they would have to give away to fund the project... securing a 10% free carry and completely de-risked at this stage is not to be shunned.

Regardless of when the NZ project starts to produce or not, the risk for ORCP is nil... each step is a step closer.

Wilpothewisp,

Here is an extract from the co-operation agreement with MEGA.

"MEGA Resources is aiming to break ground during the first quarter of 2026, subject to the Project Owners gaining all the final tenement permissions, mining approvals and the signing of a binding Ore Purchase Agreement with a third-party processing mill."

So while there are 'many steps' to climb before getting to this part of 'breaking ground', I'm not sure we will get a JORC MRE prior to breaking ground, and that 'risk' (not being JORC compliant) is what MEGA seem to have accepted. It's not stated in the above prerequisites prior to breaking ground.

"Under the MEGA Resources Agreement, MEGA Resources and BGR Pty will pay for 100% of the costs to develop and mine at the Northern Zone, including paying for all ancillary activities (which incorporates haulage of material to the point of sale, maintenance of haul roads and processing costs)."

Usually there would be MRE>PEA>PFS>DFS... then you try to get funding depending on economics...

With this contract, the above seems to be missing, however MEGA would have had privy to more insider knowledge prior to signing this contract and have seen enough to take a chance.

That's my take on the Gold side of things here. It's high risk, high reward... but it's 10% profits of this mine without costing ORCP a penny more.

Then there is THAR VI.

IMO/DYOR

Yeah, pretty wild out there at the minute.

Sentiment driven... Gold back to $4000 plus change... which is still wild considering it's even at $4000 in the first place.

Thing with sentiment, it can change any minute of the day.

Opertunities like this only feel like gifts when looking back, so I'm still thinking 40p November looking forward. Today, is one of those to go out for a nice walk and pretend it's November already 😄.

Short term pain market wide.

As the man WB once said himself...

"Be greedy when others are fearful".

Que music: Spandau Ballet - Gold

"But as far as I can tell, Gold could drop all the way back to $3k/oz - and Pepas would still be worth multiple times Omi's market cap today."

This is OMI's main defence against the thread subject which gives it reduced basis long term. The fundementals here are great. With the 'high grade' at Pepas, the gold price will remain in OMI's favour far longer than many other goldies out there. It looks as if Pepas will be viable to extract at $1500/oz (or less) even as some gold miners would likely become unprofitable with higher AISC (GGP mid ASIC $2400 FY26)... so plenty of head room. And this just at Pepas. So the 10% drop in OMI SP (20% weekly) even though gold pulled back 5% from ATH just doesn't align. It seems way over done.

The pull back in gold is short term, using metals/commodities is a way to hedge against inflation, and persoanly I'm not surprised to see gold rise at current rates due to world economics / market turmoil / exposure of FIAT vulnerability.

If the conclusion/consensus is that it's 'market wide', then 100% this is a top up opertunity (if you have spare funds).

OMI has 18 months or so of cash runway, so even in short term, it doesn't matter.

Good to find balance and a shared view/perspective, that's what these boards are good for.

Anyway, I don't like giving the trolls any amo. So new subject thread would be good going forward. I've still got about 10 of them green boxed here.

They do, I can confirm I've had 1 or 2.

ORCP building...

Large volume churning away and eventually there will come news here that will transform and throw the SP north.

The Gold is worth waiting for here (and will come in time) but it's the special liquidity event of the THAR VI that I'm looking forward to most (in which case, this would multi-bag). Hopefully hear this Q4. Happy to wait until conclusion of this prospect (when it comes).

Yes I would agree overall Rob. I wasn't fortunate to get 2p, but I entered 10p and have added on the way up. I'm expecting minimum 10x (minimum) in years to come.

The fundementals here are outstanding (some say too good to be true).

Let's hope it's a short term blip...

If no one else thinks this subject has any substance, we can leave the thread to dust. Just an observation brought about due to previous experience.

Appreciate the reply guys. It's though to consider the negatives but it's important they get discussed for balance, even if some do not agree. Happy to dismiss it but do feel it's relevant.

It's been a hard watch today (shocking in all honesty) but long term OMI will be fine.

Geopolitical situation USA/Colombia scaring a few off? Note* Trumps comments at weekend.

Not sure if it's been discussed here yet, it's been a hard watch, but would give credible reason of sell off (coupled with gold pull back).

ID78,

28p old money before the recent raise... so this time at 28p, we have technically crossed old resistance wouldn't you say?...

If we're not at 40p by end of November, I'll eat my own hat.

(I'll have to as all the dishes will be dirty).

One step away from disconnecting the kitchen sink to throw at this... and it's quite an expensive sink.

These drops are an utter gift...

Not fooling anyone here.

Add, add, add...

Not quite what the MM's want to here... hope they can pick up what I'm putting down as much as I'm picking up what they are putting down.

£2 target within 2/3 years... IMO

The move to 50/60p will be strong.

Good insights on multiple posts. Positive and less positive (regadless, there are minimal negatives, if any). Small % dips don't make a difference to the longer term potential valuation here.

One man's trash is another man's treasure.

UFO have the minerals rights to everything else under the contract with WCE... aswell as the 30% free carry + stock.

EH could have a substantial amount of other minerals along with the already reported 11g/t Au (Gold)...

Where that 11g/t Au leads while open pit mining the silver is a very welcome unknown.

A little update in Hanc*ck wouldn't go a miss either...

A 20% rise is nice, but I'll get excited about a 20% rise when we're above a rightful price of 56-60p (230m Mcap) on Pepas alone. Long term here is too attractive. To see it, you only need to open your eyes.

Each day we edge closer to starting progress on our other prospects. They have tried to shake out retail here several times, and it doesn't work. They will have to get more aggressive with their upwards action, so I'd expect more and more spikes as liquidity dries up and shares transfered to stickier hands.

Clearly alot of investors here from different backgrounds providing a different aspect of the investment case for OMI, whether positive or negative, most are able to take on constructive critisms which is very important for balance. A standard of which I hope holds as we progress this year into next.

Every aspect of the investment case for OMI is a screaming out 'buy and hold'.

Patience required... extremely volitile here the last few weeks but it's a testament to how quick things can change. If you have made it through the recent ups and downs and are still here, then hopefully you see the bigger picture. Cash flow will now come into ORCP in 2026 and THAR VI Project will either come to fruition or be sold to either of the interested parties. Naheed did mention she would update this quarter... a liquidity event worth sticking around for IMO.

I don't see it as being rampy here at all tbh. Lots of positives surrounding OMI and the results have already done the talking. A few here have shared really informative posts and these are always received well by others.

Sitting on hands here has never been easier. Happy to let OMI ride up and hopefully the next news provides the catalyst for that next level up.

There is no need to complain here if you are long term. The potential speaks for itself.

Recent developments indicate a pivotal shift in global energy policy, moving away from aggressive, unplanned climate mitigation strategies that have imposed significant economic hardships. This transition reflects a growing recognition that fossil fuels will remain essential in the near term to facilitate a more balanced and sustainable energy framework.

For decades, Western economies have pursued radical net-zero ambitions, often at the expense of economic stability, leading to unsustainable pressures that have now reached a critical juncture.

While the world advocates for clean energy adoption, those with technical experience within the sector have always emphasized the necessity of a comprehensive, phased implementation plan to ensure feasibility and minimize disruptions. The radical agendas imposed by governments have notably hindered initiatives such as those under ORCP frameworks, resulting in suboptimal outcomes.

Encouragingly, policymakers appear to be embracing a more pragmatic approach, likely driven by the sobering evidence of prior missteps and the imperative for evidence-based progress.

In April 2021, Oracle said "we have made meaningful progress with our Thar Block VI Project, specifically with the commercialisation framework for our coal-to-gas and coal-to-liquid strategy." For example, in February of that year, Oracle, in conjunction with China National Coal Development Company (CNCDC), jointly submitted a policy proposal for coal-to-gas and coal-to-liquid development in Pakistan to the Ministry of Energy. The policy proposal outlined the commercial framework through which the development of coal to gas and liquid at Thar Block VI could be fast-tracked "in order to address Pakistan's critical gas shortage and continued reliance on imported liquid fuels.

If nothing else, this refreshed outlook by the Sindh Government may be the ignition required for the two (current) interested parties of the THAR VI block coal mine providing ORCP with a mass of liquidity returning funds to long suffering share holders.