Member Info for OrangeMoon

Element — Religions have been built on such sentences, and what we potentialy have at El Cedro could be 'biblical' - double porphyry (and where there are two, there's usualy multiples).

Ultimately, you could be as conservative as you like, and ill talk up our points of strength, but no one can be certain of what's down there until the drill does the talking. You 'hope' that you are correct, and I 'hope' I am.

That said, everything OMI has delivered so far looks very positive — especially given our geos’ track record and the 4+ years we have had reviewing these prospects.

Good comparison between Awale’s Charger and our APTA project. However, there’s a big difference:

Awale is being diluted down to just 25% on the core JV ground with Newmont.

OMI owns 100% of APTA outright.

Both systems remain wide open for expansion.

At £50m market cap, Awalé is essentially valued at £200m on a 100% basis for that high-grade discovery.

We’ll be happy to add similar value to our own market cap once we start delivering comparable grades in the coming weeks.

Element "Where I see flaws, I’m willing to do the hard work to demonstrate why."

I’m interested in understanding what this 'hard work' involves when identifying flaws in our un-drilled but extremely lucrative, fully funded prospects (which represents 90% of our ongoing operations):

- Pepas-Surrounding (reconnaissance drilling underway)

- APTA (extension/MRE play underway)

- El Cedro (maiden campaign – aeromag ongoing)

- El Pantano (awaiting results from maiden campaign)

- La Virgencita and Jesuitas (future prospects)

Except for challenging how we plan to extract Pepas in the first place, your presence here seems to consist mainly of highlighting areas of uncertainty and presenting worst-case scenarios that fit your own risk/reward matrix (that would allow you an entry).

What’s missing is any acknowledgement that each one of these projects has the potential to swipe the feet out from under you.

On the note of who to listen too...

Turner Pope Investments (TPI) Ltd

https://www.turnerpope.com/wp-content/uploads/2025/11/OrosurMiningInc._Research-Update-18September-2025_FINAL_BGv2.pdf

Greenwood Capital Partners Limited

https://wp-orosur-mining-2021.s3.eu-west-2.amazonaws.com/media/2025/07/Greenwood-Orosur-18-07-2025-Pepas-drilling.pdf

Red Cloud Securities / Red Cloud Research

https://redcloudresearch.com/wp-content/uploads/2026/02/20260211-OMI-Update.pdf

Or Element1 — an unverified anonymous investor on the LSE who clearly has an agenda to bash OMI.

This is an exploration company that has only just achieved its first MRE at Pepas, is only 25% through it's yearly exploration programme, and yet he would suggest the best option for investors is to "call it a day."

As a further reminder of why OMI’s market cap is higher than a conservative outlook on the Pepas MRE alone (pre-PEA):

GrandPepas - Reconnaissance drilling ongoing.

APTA has the potential to hold 2.4M oz Au + credits.

- 38,000m drilled to date. Drilling starts imminently. (Conservatively this has 500kOz Au @ 5g) which is double what we have a Pepas - yet excluded from the Mcap as no MRE... Yet.

El Cedro double porphyry - Drilling starts soon... and with Pepas and APTA already being 'hit', bodes well for a gold strike here. We are in the right place.

La Virgincita- Newmonts favourite prospect here back in the day.

El Pantano - Proof of concept seems to have been smashed through here - hitting structures, brecias and mineralisation in ever hole (25km strike length).

Not only do the top 3 research notes significantly de-risk initial capex on Pepas via potential toll mining/processing, but the broader portfolio also offers clear synergies across the licences.

The only thing to note about Elements posts (even prior cordial debates), is the caveat he puts in each one of them, essentially giving him an 'out', when he is proven wrong.

Element1: "Numerous independent voices seem to agree with my legitimate and openly shared working and conclusion."

Who exactly? 😂 This isn’t the GGP board...

The only person agreeing with your posts is you. Pat yourself on the back, why don’t you?

Your comparisons are poor — especially that last one.

Your valuations are not much better, except for predicting fire-sale pricing outside of GGP.

You also deliberately ignore OMI’s 4 other ongoing projects which have the potential to kick the feet out from under your argument.

You’re challenging not only the professionals who prepared the NI 43-101 Technical Report, but our very own team of professional geologists — who are not part-time hobbyists with a degree — they have time and time again proven their skill set with Pepas, El Pantano*, and soon APTA.

This only makes El Cedro (the double porphyry target) all the more likely to prove them correct.

It seems to me you’re on overdrive trying to de-ramp the share price right before the ramp-up in our exploration activities.

The majority of people here believe OMI will succeed — and that doesn’t just include Pepas.

As a reminder (although I know you’re not interested in the upside):

Grand Pepas – Funded 2026

APTA – Funded 2026

El Cedro – Funded 2026

El Pantano – Funded 2026

La Virgincita (TBC)

Jesuitas (TBC)

We can debate on these forums all day long. It's good to have discussions — multiple discussions — share theories, discuss historic examples, or speculate on future outcomes, whether optimistic or pessimistic.

But in a few short months, there will be one clear winner.

That will be the optimists.

PEPA's is now going through its own 'short' Lassonde curve... Great news for where we are in the cycle.

APTA — 2-hole testing the new concept that's been under review for the last year (noting that PEPAs went through and confirmed the new concept, initiating the MRE). This has the potential to severely materially upgrade APTA. Extension + infill should see us back at all-time highs IMO. This project being the main one for long term holders here.

El Cedro — Dual Porphyry system. Maiden drill campaign underway on completion of the aeromagnetic survey.

All three of these projects have the potential to accumulate the ounces for systematic extraction... a bootstrap mining concept that could see OMI mining for the next 20+ years (currently £70M Mcap).

Not to mention our other Anza projects to keep us all interested.

El Pantano (Argentina) — we're going to find out very soon what we have here. I'm hoping we have enough material data for 'a big friend'.

All this within the next 8 weeks... so let's see where we are with more drilling data and whether the valuation matches the more optimistic views here today, or the pessimistic ones.

Mr Element seems to have tucked himself nicely into the pessimist camp (his most recent points grasping at straws)... I'm looking forward to returning in the middle of the night with a cold bucket of water and a very large, optimistic-sounding bell to wake him up.

The only thing between us now and then, is time... and a few more drill holes.

Tick-tock, Tick-tock ⏰️

@breaktwister … Element1 certainly is de-ramping — but through a conservative viewpoint, whether that's intentional or not.

He is certainly no novice in this sector. That's precisely why his measured, "conservative" posts carry real weight — whether other posters want to acknowledge it or not.

I don’t agree with many of the points he makes, but I’m happy to offer a counter-argument based on my own in-depth research into OMI, as I believe it’s an outlier from these so-called 'industry-standard norms'. Especially when considering our bootstrap mining concept with synergies.

These boards exist to help one another discuss different points of view - Not echo chambers. Too often they become tangled up in personal emotions rather than sticking strictly to the facts.

I'm fully invested here at OMI, so hopefully you can see past small parts of the debate that can be acknowledged and then dismissed if they do not apply.

Looking at the timeline (This year), our real upside hinges on drilling and exploration success, which accounts for about 90% of our current activities. As the company is multi-asset, that upside stems from the potential of these targets to deliver:

1) APTA (an already-proven area) MRE + Upside,

2) The surrounding Pepas area North/South

3) El Cedro (a potential dual porphyry system)

4) El Pantano (where we'll soon learn more about the geology).

5) La Virgincita - Looks very promising

And importantly, we're fully funded to pursue these scopes of work.

Even if we ended up at your more conservative valuation (which I doubt), I'd be happy to hold long-term. Once any funding gap is resolved, the upside far outweighs any short-term trading noise. I'm glad you have admitted this too.

You will agree that the macro backdrop remains very bullish for gold from every perspective. Apply that to OMI's proven assets today and promising pipeline, and it tilts things decisively toward the bullish case of quick to production, higher grade deposits.

@Element1 Thanks for your reply 👍

I disagree with your take on Ageos—I'll wait for his return to provide an update or counterargument on that.

I agree that using industry-standard norms and high-risk adjustments for mining and exploration projects is reasonable—you can't really argue with that approach.

That said, if you're wondering where the "extra value" comes from (which many retail investors seem to recognize or are willing to bet on), let me point you in the right direction:

This potential deserves more than just a 'base-case valuation'.

Orosur's strategy has never been to develop a single-project mine reliant on external funding. Instead, it's focused on staging smaller Pepas-style deposits, potentially leading to a self-funded Tier 2 asset, followed by a Tier 1 (again, self-funded) mine. Many investors can already see this pathway, even at the current stage... And it's still intact.

The APTA MRE is expected to be completed in Q2 this year. If it comes in line with (or better than) expectations, it would significantly boost the market cap and reduce the risk premium that capital investors would apply to Pepas. Timeline is important.

Note that APTA has already seen roughly $30M invested across various phases to prove it up - giving it in your own admission some kind of 'real value' which you are now admitting, away from your initial post here on Pepas alone.

Drilling is expected to start imminently, with the first few holes targeting areas identified after last year's geological model review—that's a strong signal they've pinpointed zones of genuine interest.

As you rightly pointed out (once the light switch was flipped on), Synergies are key here - and most likely will be applied at PEPAs & APTA, maybe even El Cedro down the line (Not interested in metallurgical compatibility at this stage but definitely infrastructure, permitting etc.)

I take on your concerns about the board's experience in mine development and production, but I don't share them to the same degree. We do have team members with relevant operational expertise—it's not just a small two-person operation, and these can be addressed over time.

Looking at the timeline (This year), our real upside hinges on drilling and exploration success, which accounts for about 90% of our current activities. As the company is multi-asset, that upside stems from the potential of these targets to deliver:

1) APTA (an already-proven area) MRE + Upside,

2) The surrounding Pepas area North/South

3) El Cedro (a potential dual porphyry system)

4) El Pantano (where we'll soon learn more about the geology).

5) La Virgincita - Looks very promising

And importantly, we're fully funded to pursue these scopes of work.

Even if we ended up at your more conservative valuation (which I doubt), I'd be happy to hold long-term. Once any funding gap is resolved, the upside far outweighs any short-term trading noise. I'm glad you have admitted this too.

You will agree t

@mrdigit thanks for sharing 👍

This is obviously what all long term holders know and believe to be true.

Soon, we will be hitting the top of that 'grade X meter' intersections leaderboard, in 2 consecutive years, on two different projects...

All from a junior exploration company that's only £80Mcap, in a gold bull run, when exploration has been limited in the many years previous.

OMI is well positioned to take advantage of all of this, so the current Mcap is an absolute steal IMO.

@Element1 – And just so the question isn't misconstrued with respect to "future results being hopium until the drill does the talking" (which would be an obvious get-out clause)...

The question refers specifically to the timeline in which our fully funded exploration is currently taking place and the opertunity re-rate the company.

Element1 – I'm still awaiting your opinion on the question below.

If you're selectively choosing not to answer it, I understand why—but don't show up here uninvested if you're not willing to debate fairly.

"Element1 – I respect that you're sharing your opinion and fully accept your right to hold it. However, I disagree with labeling this as 'hopium' given our $14 million exploration budget in a known and proven area, where the potential upside could be substantial.

With that in mind, after reviewing APTA's geological model and the significant upside it suggests—do you accept that we have realistic potential to intersect the kind of 'bonanza drill intervals' you mentioned at APTA, El Cedro, or El Pantano?

If so, couldn’t these intersections serve as the key catalysts to re-rate our market cap?

Importantly, these holes are planned to be drilled before any capital raise would be required for Pepas."

Not answering this question will fall into the same category as: Why didn't you produce your own MRE model for PEPASs, prior to the company... yet you're confident in challenging AGEOS's MRE interpretation for Pre MRE at APTA?... it really doesn't help your case to avoid these questions.

Element1 – I respect that you're sharing your opinion and fully accept your right to hold it. However, I disagree with labeling this as 'hopium' given our $14 million exploration budget in a known and proven area, where the potential upside could be substantial.

With that in mind, after reviewing APTA's geological model and the significant upside it suggests—do you accept that we have realistic potential to intersect the kind of 'bonanza drill intervals' you mentioned at APTA, El Cedro, or El Pantano?

If so, couldn’t these intersections serve as the key catalysts to re-rate our market cap?

Importantly, these holes are planned to be drilled before any capital raise would be required for Pepas.

@punter1234 the mention of your ID came from Dibs666 post...

Who quite swiftly and correctly served you up on a platter.

It's quite insightful and correct.

I gave it multiple thumbs up 👍.

You seem to believe you have the power to affect the share price here with your posts.

Did you aquire that power while flying on your magic carpet?

Punter1234... Have you any in-depth analysis to give on OMI in the 2 weeks you've been here, or is it all just a case of who ever shouts loudest wins?

I hadn't mentioned you by name on that previous post... but these new shoes fit you rather well (short term trader pair).

And I agree with a lot of the GGP folk here, yes... It doesn't have to be a case of one or the other... some are in both, great.

Element1 has given his opinion and I see nothing wrong with that, he might be conservative but atleast he gives evidence for his case. I actually don't think he's part of 'the crew' any longer... but there certainly is one here - you might be part of it.

You're doing a fine job of being diruptive here yourself, more than anyone who has a counter opinion that supports their views with context.

Remember this simple fact:

When you're buying a single share of OMI, you're not just getting one ticket to future PEPAs Gold production...

You're also in the draw for:

Pepas North/South – Exploration upside

APTA – MRE + further exploration

El Cedro – Exploration

La Virgencita – Exploration

El Pantano – Exploration

Oh... and a cash prize of ~$14M if we just choose to down tools.

Make note of the synergies that can be applied across multiple assets, e.g., Pepas/APTA/El Cedro.

Understand the geological concept review that kicked off the Pepas MRE push in July 2025 — which is now being applied to APTA and will help guide direction at El Cedro.

This is not a single-asset play.

It's a multi-asset, de-risked, high-grade, easy-access cash cow in the junior mining space.

Pepas is just the starter... So be greedy when others are fearful - and don't get stopped out by silly short term share price action 'games'.

Dip666 — Well said 👏… Also, GGPthruandtru.

IMO - It's mainly the short-term traders making all the noise here, letting their emotions show as their plans go against them. It ruins genuine discussion on LSE.

Sentiment can be undermined by ramping just as easily as de-ramping — more so when retail holds a larger portion. So it's rather counterproductive to offer anything but a strong, contextual rebuttal.

Long-term and large holders tend to be far less fragile.

The technical review of APTA's geological concept is what really sets up the multi-bagger potential here.

Pepas may be the cash cow and the financial key to unlocking the rest of the region, but APTA is the real game-changer—with its already proven high grades and significant size potential.

Our geos have rejected the old Hybrid VMS model for APTA, and they're now looking to turn those "truncated faults" into features rather than limitations.

The new geological interpretation for APTA has been under review since 2025—drawing on logging data all the way back to 2012—and we're about six weeks out from finding out if this new model has real substance.

The first few holes, which will be drilled in the new few weeks, won't need the Aero-mag, so sounds to me like they are already looking at an area of interest.

In the exploration space, no one has stronger prospects than OMI. The company controls two massive land packages across two of the most lucrative gold/silver belts in South America, backed by multiple licenses and — most importantly — the funding to prove them up.

Miners are benefiting massively right now — but most haven't been exploring to the extent required to replace and grow reserves.

We have gold... and it's relatively easy to extract. That can't be said for the vast majority of exploration companies out there.

Majors are flush with extra cash — literally generating so much free cash flow from these elevated prices that they could fund major M&A deals with just the annual interest on their balances.

Exploration companies haven't even begun to get meaningful exposure from this cash event yet... all you need is a little patience this year, and we'll get there.

Just to clarify the point on Newmonts divestment here - OMI acquired 100% ownership of these projects in late 2024 by buying out Newmont and Agnico Eagle's JV entity (Minera Monte Aguila).

This part was in reference to their investment strategy, noting they also divested Telfer... which GGP acquired.

More to do with the overall environment than any comparisons between the two.

Aside from the more obvious posters attempting to discredit OMI's value and exploration potential, there are also some genuinely smart people here trying to do the same.

As many have already pointed out, this appears to be a serious, coordinated group effort. While I hadn't originally placed Element in this category, his comments over the weekend have convinced me otherwise.

Sometimes less is more. If he had quietly retreated back into the shadows as he had stated, his de-ramp campaign might have carried more weight. Instead, it now seems he has tripped over his own feet—to the point where even the more balanced investors (those willing to look at both sides of the coin) are unlikely to extend a hand to help him back up.

With the gold price poised for a substantial increase amid the escalation of the US/Iran conflict (which has now erupted into open hostilities), this feels like a weak, last-ditch attempt. We all know OMI is most likely going to benefit from this macro news.

The calculations I shared previously still stand as my 'minimum' valuation for OMI (based on conservative known data). As we progress through the development process and into production, we should see the valuation multiple on the base data rise from ~3% to 10%++, translating to a market cap range of $120M (USD) to $300M++ (USD) as things advance. (The ++ denotes substantial upside).

During this same period, we have multiple potential Tier-1, Tier-2, and Tier-3 prospects that we will be drilling this year, along with several extension plays.

APTA in particular looks very interesting—both in terms of its current drilled data value and its significant upside potential.

We will also be drilling the El Cedro dual porphyry system this year.

La Virgencita as a previous key prospect that Newmont had intended to drill—but never secured the licences during their involvement—highlights the quality of ground we've consolidated.

Interestingly, OMI acquired 100% ownership of these projects at roughly the same time Newmont was divesting from parts of the mining space. In hindsight—especially with the gold price where it is today—that divestment looks somewhat short-sighted. GGP has already benefited significantly from it, but OMI stands to gain also, as we progress along this bull market investment curve IMO.

OMI is well positioned on the Mid-Cauca gold belt (Colombia) and the Deseado Massif (Argentina). It's not OMI that's looking to boost reserves through limited exploration and divestment over the last few years—OMI's has positioned itself extremely well over the last 5-10 years and time is coming. So I hope you hold firm here to take full advantage of the cycle.