Member Info for PortfolioPower

Yes mate. Charlie knows his stuff

If you get chance he has an interview for Great southern Copper, very early stage copper play which has Sam Garrett of GGP days heading it up, I think Sam is / was a NED at ECR also. They will be drilling end of May so plenty time to research that one.

Have a good one!

@CL

Apologies, noticed you also posted up the other drill holes data from the initial drills.

Really good bb on here with some excellent contributions from all.

Expect Brad will have released the next few updates ahead of the mining 121 conference later on May so looking forward to a busy few weeks ahead.

P.s Bitcoin

I noticed one of your other aussie explorers saw a bit of 'tension' on the bb recently after some grade results were released.

I think you might have triggered one of the trolls :-))

Noticed you seem to be very keen on that one?

foxy.

No one has missed the boat at this level mate.

Ask me again when this has 10 x bagged and it'll still look Cheap at 200m Market cap imo if Newmont and Agnico are correct and we have a 5-10 Moz+ resource at ANZA.

The point I was making is no one wants to 'be that guy' who sold GGP at 2p ahead of their Jan 2020 drill result even though it was obvious (to many at least) the grades they had released in Dec '19 were world class. Yet some folk sold up at 2p as there was wording in their RNS about a 2 week shutdown.

Even a notable resource company CEO who was a early GGP backer admits he sold too early at 2p and hasn't stopped regretting it since. So anyone can fall into that trap of exiting far too soon and then not knowing when to get back in as the SP races away.

As stated, I suspect the next few months of drill results (if decent) should be sufficient to confirm what the 2 Majors Suspect is a Tier 1 Gold mine in the process of being defined.

Look back at the historic grades that DrRem has kindly reposted in here today.

They are standout against any of our neighbouring peers in the region.

That's just from Phase 1, and it's clear to me, that ANZA will be a mine, and a significant high grade mine.

Those early grades have also confirmed the resource is both open at depth and in multiple directions and as we now embark upon a campaign to both the north and south to prove up the continuation all along strike, this really could be a monster in a known heavily endowned, high grade, gold belt.

GLA

All the best parties seem to be at Bitcoins house. :-))

Any ex Continental Gold holders in here?

Wasn't Buriticá sold for $1.4 billion?

If ANZA's world class intercepts keep being released the picture will become more clear for those who are happy to back the technical experience of the Newmont and Agnico Geo's driving the ANZA project through into phase 2.

The GGP holders in here will tell you how much Phase 2 of the Havieron JV was a complete game changer as exploration drilling rapidly increases and with it the accompanying results to market.

GLA

Are we entering the lift in the lobby of the Burj Khalifa?

I reckon this could be an interesting one as news starts to roll out

> Moving on 3 fronts now rather than just one.
> Global PR about to be increased
> News flow about to increase
> Drill rigs tripled on site
> New rigs to drill to depths in excess of 1,200 metres. The current and previous rigs used at APTA were constrained to depths of roughly 800 metres. As announced on March 8th, 2022, recent drilling at APTA had demonstrated substantial depth extents to mineralisation, well beyond what had been previously understood. MMA has thus decided to bring in new rigs capable of exploring these depth
> Extremely positive initial results at Pepas
> IP work gradually being extended southward toward Pupino.
>Details of this new drill program at Pepas about to be released to market
>Samples from five holes (MAP-101 to MAP-105) are in the laboratory for assay. Results from these holes can arrive at any time now.
> Two Global Majors driving ANZA into phase 2 unlocking a further $20m exploration spend (all costs met by Newmont & Agnico) and a further $2m cash in the bank for OMI

Recognition from Brad that after a quiet period, things are about to get extremely busy on multiple fronts

Haha yes CL

I wasn't referring to you. :-))

Well aware you are building a nice position here.

GLA genuine holders as I feel we are about to see a transformational period ahead

OMI had a seller from 40p down to this level that we needed to clear only due to Brad having to issue shares to the creditiors of the now wound up Uraguay mine. They have now all be finally settled and cleared in full. Brad reference that this week in his interview. That line has now been drawn under that episode and we can get firmly back to our exploration business.

This was trading at 80m market cap and we should be back there soon enough now they have finally been paid out in full.

@bear

I still hold here, just been busy elsewhere this morning with another holding in my PF.

@CL

As posted a few days ago.

OMI are right in that exploration / investment 'sweet spot' that GGP found themselves back in December 2019 when they released their RNS

"HAD023 intersects high-grade mineralisation
107m @ 2.2g/t Au from 656m, including 21m @ 10g/t Au from 665m (HAD023)"

"Newcrest has completed Stage 1 of the Farm-in Agreement (US$10 million in expenditure) and has commenced Stage 2 (additional US$10 million in expenditure)."

> Quite unbelievable the market focused on the fact that there was going to be a 2 week shut down at GGP and didn't focus on the drill result from HAD023 AND the fact that Newcrest had completed stage 1 and were moving into stage 2 as their expert geologists had seen more than enough evidence from the drill data that they had a potential Tier 1 Asset on their hands.

Wind the GGP chart back to Dec '19 and take a look. It took about a month or two for reality to kick in.

Same situation coming here imo as we move into phase 2 with a lot more money and drilling about to take place with Newmont and Agnico now driving matters

OMI have already announced two genuine 'World Class' drill holes at ANZA:

MAP-089
59.55m @ 9.61g/t Au, 6.23g/t Ag, 3.75% Zn
MAP-091
61.75m @ 2.05g/t Au, 3.3g/t Ag, 0.82% Zn

With multiple higher grade intersections seen across many of the other drill holes.
The next 20m cash is being put up by our JV partners to really get ANZA moving.

With the present market cap of just 19m its incredible the market is sleeping on this as it is yet to have its 'GGP moment' which occurred when on the 30th Jan 2020 well over a month from their HAD023 results GGP announced

"Best new results (not previously reported on 2 December 2019):
HAD034: 136m @ 2.9g/t Au, 0.6% Cu from 504m, including
·; 43.5m @ 6.1g/t Au, 1.2% Cu from 577.9m
; HAD036: 73m @ 3.2g/t Au, 0.67% Cu from 513m, including
24.8m @ 7.2g/t Au, 1.6% Cu from 525m

GGP then 20 x bagged over the next 12 month as reality kicked in they had a tier 1 asset and ran as high as 1.5bn market cap at one stage.

OMI is potentially just one such good RNS away from the market waking up to the fact that MAP089 and MAP091 drill holes are just the start or a potential behemoth of a Gold system that Newmont and Agnico are in the process of establishing.

There is no other such Elephant country discovery exploration Co with not 1 but 2 Global majors, that's fully funded for less than 100m+ market cap.

The closest parallel is probably ASX listed Antipa Minerals who have Rio Tinto & Newcrest Mining in their JV and are trading between 150m-200m market cap.

OMI at just 20m market cap is an exceptionally rare opportunity indeed.

There will always be some destined to miss the boat.

Don't be one or them.

Nope that incorrect Phoebus

Phase 1 -Where OMI still own 100% – (we are just exiting this phase) whereby $10m in qualifying expenditure on the project has been met and we are in the process of the legal formation of a formal JV company (which the licences will be transferred into) and OMI will receive an additional $2m in cash after the licences are transferred to this new JV company.

Phase 2 – (where we are moving into)
Newmont and Agnico move to a 51% equity position at ANZA and project operators with the option which Newmont & Agnico can earn an additional 14% equity in the project (bringing its equity position up to 65%) by spending an additional $20m.

Phase 3– where Newmont/Agnico can earn an additional 10% equity by producing a 43-101 definitive feasibility report. The drilling costs of this phase are as yet unknown but estimates in the region of $50-$75m

All costs of drilling are 'free carried' for OMI shareholders

Newmont and Agnico expect to prove up a min 5-10miz+ resource.

As further results land I expect omi to close the valuation gap to GGP who are 18-24months ahead since they entered their phase 2 in Jan 2020.

20 x bagger opportunity here.

The present market cap is trading at a min 75% discount to the ultimate free carry spend from our JV partners Newmount and Agnico (phase drling1 - $10mil cost completed / phase 2 - $20m / phase 3 - $50-$75m (est) could be slightly more or less but whatever it takes basically to arrive at both a MRE and DFS stage on a Tier 1 Gold asset where all the above exploration costs are free carried and we are just scraping the surface of a globally significant gold system.

Soon to have near 7m in the bank and that's throwing in the Tin at Brazil and the Gold on Argentina for free.

Feels good to be heading into this bank holiday weekend knowing that Brad commited just this week in his interview that he is planning some Global PR so much wider exposure over the coming weeks is ensured.

Suspect a lot will be looking in over the extended weekend to see the multiple updates we have due to land on not just one but across 3 fronts now and just how ridiculously cheap this is

Nice to get in early to these silent risers before all the updates start to land.

Looking forward to seeing the release of further world class intercepts being released from ANZA all along strike such as MAP-089 & MAP-091

MAP-089
59.55m @ 9.61g/t Au, 6.23g/t Ag, 3.75% Zn
MAP-091
61.75m @ 2.05g/t Au, 3.3g/t Ag, 0.82% Zn

We have further samples from five holes (MAP-101 to MAP-105) are in the laboratory for assay.

Results from these holes can arrive at any time now

Drill rigs have tripled on site with two larger rigs capable of 1200m depth drilling as ANZA remains open at depth in multiple directions.

GLA

With all the news due to land won't be surprised to see this back in 20p-30p+ range very soon.

Circa $5m cash held at bank + further $20m cash from Newmont & Agnico for phase with exploration + A further $2m cash incoming from the JV terms of commenced phase 2

Market cap just 20m!!

World class intercepts being hit across our Tier 1 Gold project all on a free carry with 2 of the 3 largest Gold majors globally.

Only reason this was sold down from 80m market cap was due to having to give shares to settle the former liabilities of our Uruguay mine which were drip fed into the market for months bringing the SP down from 40p to the present bargain enrry.

These have been settled IN FULL and loryser are all out. Seller cleared.

Still only 189m shares in issue.

Absolutely primed to make an aggressive move back up now.

GLA

On top of the present 10,000m RC and 3,000 DD drill program

They will be moving into a further 20,000m RC and another 3,000m DD drill program.

Robbie sounded like he would like to add some more rigs now at Kilimepesa and looks like they might use drilling contractors in Tanzania where that acquisition appears set to be closing at end of May and will immediately add another 1Moz+ to the books

Nice

We are up first!!

Let's go Robbie!!!

So It was NT to buy for £10k just ahead of market close, and they would happily take in £40k in one chunk.

Very good signs imo and makes a change from being in some other shares where there is a never ending amount held by the MM's on the supply side.

looks like a fishing trip was attempted in the last few minutes before close by quickly blipping the SP down and then back up to see if they could trigger any stops and nick a few out on the cheap ahead of tomorrow's action.

That didn't work, so we should continue to climb while there is such a ridiculously cheap entry on offer ahead of a wave of updates due that should set us up for an aggressive re-rate.