RE: First Post19 Jan 2021 15:58
Hi John
I have got roughly equal amounts invested in Omi and PAT. Both I think are excellent companies.
PAT
PAT CEO and the geologist mentioned on the interview that if the Licence for the project in India comes through, you can add " A COUPLE OF ZEROS " to the market cap. The India "Bhukia" project they think will become top1% in the world with the prospect of 10 million ounces of gold. There are a lot of other projects in West Africa, some of which PAT owns 100% and others in partnership where we have the free ride as the partner incurs all the exploration and development costs. Please visit the co site and spend some time going through the projects - its worth it. Some projects in West Africa have multiple targets in them which could possibly stand on their own. Click on my name in PAT and you will see a lot of material I have posted on some of the projects.
OMI
Again, like PAT, this is an excellent company. The project is located on a highly prospective belt. To the north of our project was project Buritica owned by Caledonian Mining. This comapay got acquired by Zijin of China for some $1.4 Billion soon after the company's presentation in Dec 2019 announced around 10 million ounces of gold. To the south on that belt are other 4 to 5 companies which have announced 8 to 10 million ounces of resource.
The world's biggest mining company, Newmont, formed an earn-in Agreement with Omi. Since then, world's 8th biggest miner Agnico has joined Newmont in Partnership to accelerate the project. It appears that the plan is to accelerate in the next two years. So as you can see, you have two of the world's biggest mines joining hand with OMI and you can make out why.
Again, please visit the company site for presentations on the project and also on Omi chat - there is a wealth of information posted there.
Post here if you need to know more and I will do my best and good luck.
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