Member Info for Professor1

THE RNS HAS BE TO VERY CLEAR FOR ALL NON TECHNICAL PEOPLE AND THE NARKET WHO KNOW SOD ALL ABOUT MINING RESULTS. I GIVE A LOT OF CREDIT TO GGP's GERVAISE HEDDLE WHEN IT COMES TO PUTTING OUT RNSS. HE HAD THE ART AND WOULD GO TO TOWN ON SOME OF THEM

Hi Wayne

Very well said.

WE ARE ON A MID CACUA BELT WHERE @100 MILLION OUNCES GOLD IS GOING TO BE PRODUCED BY ALL THE 6 COS ON THAT BELT ALMOST EQUALLY - THE HIGHEST TO BE FOUND ANYWHERE IN THE WORLD.

WE ARE BLESSED TO BE PART OF THAT BELT AND YOU HAVE PEOPLE RUNNING AWAY FROM ONCE IN A LIFETIME OPPORTUNITY PRESENTED TO THEM IN HAND. ITS A LAUGHING MATTER.

THERE IS A TALK OF BURITICA I LEARNT YESTERDAY OF PRODUCING NOT 10M BUT 20M OZ PROBABLY BECAUSE THEY HAVE FOUND A PORYPHARY SYSTEM (HIGH VOLUME BUT LOW GRADE TYPICALLY ( 0.5 G/T ) BUT THEY HAVE NOT OFFICIALLY PUT OUT A STATEMENT.

THOSE STAYING TO THE END WILL HAVE A STORY TO TELL.

Momentum

I can say that our results are better ( current and historic) than what Buritica announced in 2012 as their initial exploration drill results.

Hi TheGG

Yep - a bit too over the top today having got bored waiting for EUA news.

So reading the first lline:
BUSY248 is the drill hole number.
Interval is the 3rd figure = 1.5m
Gold = 0.24g/T

Apologies - but the figures have come up all muddled. However, if you look at the 4th figure - that the gold ounces. They are all under 2g/t. All the other holes are like that

Drill-hole From(m) To (m) Interval (m) Gold (g/t) Silver (g/t) Zinc (%) Elevation (m)
BUSY248 31.50 33.00 1.50 0.24 58.0 0.04 1619
82.80 84.20 1.40 0.61 299.1 4.35 1583
453.30 454.25 0.95 2.50 3.8 0.01 1341
461.00 462.20 1.20 1.82 16.0 0.03 1334
494.20 495.40 1.20 1.32 3.1 0.01 1305
BUSY279 60.00 61.50 1.50 0.87 26.8 0.11 1481
114.20 116.20 2.00 1.15 8.6 0.11 1451
165.42 166.00 0.58 5.90 40.8 1.21 1404
178.00 179.00 1.00 1.51 20.3 0.14 1392
245.60 246.50 0.90 1.45 14.5 0.43 1330
266.20 266.75 0.55 1.72 11.4 3.65 1311
305.00 306.55 1.55 2.47 0.4 0.01 1274
345.90 347.50 1.60 4.90 5.3 1.78 1238
379.30 384.60 5.30 6.55 46.4 0.95 1207
incl. 379.30 380.70 1.40 13.60 147.0 1.76 1202
509.00 509.55 0.55 2.82 18.6 0.08 1086
BUSY283

GUYS - ALL THE DRILL HOLES ARE LIKE THESE. CANT SEE MANY DRILL HOLES OVER 2 G/T. I HAVE DETAILED ALL THE DRILL RESULTS HERE. ONLY WHERE THEY DRILLED ON THE ACTUAL VEINS THEN THE GRADES WERE HIGHER. YET THEY ARE ON COURSE TO PRODUCING NOT 10M BUT THERE HAS BEEN A SUGGESTION OF 20M OUNCES.

THOSE WHO HAVE SOLD TODAY ARE GOING TO END UP REGRETTING

Hi Starbright

I am glad we both have the same numbers.

To me, Omi is all about ANZA and we have barely scratched the surface on APTA. I would have added if I had the funds which are tied up in EUA. The former CEO, Mr Salazar remains a shareholder here.

To put things into perspective, I have just done some workings on the GGP resource and the value placed on it based on its £1B market value.

GGP's 30% share of the total resource is 1,300,000 ounces. This provides, in the ground value per ounce of £1B/1.3m oz =£769 per oz.
This value represents 58% of the current market price of gold of £1,313 (i.e. $1800 /1.37 = £1,313. AND £769 / £1,313 = 58%. ). This is astounding that GGP should be valued, based on its in ground resource, at 58% of the market price.

If Omi's share was 1,300,000 oz and assuming the market was placing a value at less than half of 58% placed for GGP, say at only 25% of market price then:

1,300,000 oz X £328 i.e.[ 25% x £1,313 ( i.e. $1800 / 1.37) ] = £427m

£427m / 197m shares = £2.10 per share

With just 12.5% compared to GGP's 58%, the result becomes:

1,300,000 oz X £164 i.e. [ 12.5% X £1,313 (i.e. $1800 /1.37) ] = £213m

£213m / 197m shares = £1/share

Hi Normbeef

I can say with certainty that you are way off the mark.

a) If have reserve that is established- $300
b) resource - $100

Should the management be buying now to restore some order?

Indeed dealer55.

This is no reflection of what the works intention was. People selling have bot understood this.

I think the wording of RNS from Brad could have been much better explained. Looks as though the RNS wording has been rushed.

Rob

Lots of 50k buys at 11am being reported now- not sure why this late?

NOTE: Hole MAP-075 WAS DRILLED SOME 90m DOWN DIP OF THE PREVIOUSLY ANNOUNCED MAP-072.





Fig 3. Section, hole MAP-075



" MAP-075 has intersected a different mineralogical domain, transitioning from a domain that was GOLD DOMINANT with secondary zinc, to one that is zinc dominant with secondary gold.



" SUCH ZONATION IS EXPECTED AND IS INTEGRAL CHARACTERISTIC OF Volcanogenic Massive Sulphide (VMS) deposits ".

" Fig1. Section, Holes MAP-073, 076



Both holes were drilled to assist in resolving a geological interpretation issue in the south of the APTA zone, that had resulted from earlier holes having been drilled toward the east or having stopped short of the mineralised zones.



Both holes were successful in resolving the questions posed, and both returned substantial intersections of high-grade gold and moderate zinc as reported".

Spot on Momentum - they want your shares sold!!!. Look at the whole Cacua Belt - All miners have 10 million resource.

Absolutely Pebsi

People tend to throw out of the window all the potential Omi represents just on few initial drill results- those who sold early will end up regretting.

In the words of Mr Bolton, the additional data obtained (mentioned below) has jump started the project by at least 5 years in his view.

Hi Womo - You are right. The penultimate paragraph suggest " once data verification has been completed".

" Highlights

· Data obtained include:

– 40,518m drill logs and assay results from some 282 RAB, RC and Diamond drill holes

– 784 rock chip and 3316 soil sample assays

– 495km2 of regional geophysics (magnetic and radiometric) – country scale data

– 260km2 of detailed airborne geophysics (magnetics, radiometric, time-domain EM)

– 25km2 of ground geophysics (gradient array IP)

– 165km2 geological and regolith mapping

– High definition Orthophoto (50km2) and Lidar topographic survey (250km2)

– First pass metallurgical testwork

· The data will greatly assist the programme required to estimate a maiden mineral resource at Labola

· Multiple additional targets are apparent in the geophysical and geochemical data

· Preliminary and limited metallurgical testwork results suggest the material will be amenable to gravity and conventional CIL extraction

The acquisition of the HRG data complements the previous data and core which includes 25,008 metres of RC and Diamond drilling in some 147 drill holes.

We note that the data acquired by Moydow is substantial and it will take some time to process and evaluate. Accordingly, our observations are preliminary with further updates to be provided in due course.

Mark Bolton, Managing Director of Panthera, commented:

“The Labola project is currently Moydow’s most advanced project with some 65,000 metres of historical drilling. Obtaining this additional information will greatly assist the programme required to estimate a maiden mineral resource once data verification has been completed.

Securing the combined drilling, geological, geochemical and geophysical data for the first time, with an estimated replacement value of over US$10 million, is a major step forward to the ultimate development of Labola. The extensive database requires comprehensive interpretation before significant further investment in the field, particularly the many additional targets which may expand the resource potential at Labola ".

Hi DogstarTrader

Many thanks. I also favour the piecemeal release of the news to maintain the SP momentum. The new licences might turn out to be the best thing to happen for ORR. Tim is a highly respected Geo and I believe he still is an advisor to Barrick which speaks volume.