Member Info for Professor1

And up she goes. Guys do not panic. If you ate in doubd, always think why the world's biggest miners are in business with us

Sorry TSX

ASX is showing up 23%

Agree- what a buying opportunity.

Up 27% on TSX

Hi King

Good to hear you are still in this- I was just checking up on the posts from couple of years back to realise some people were squabbling over share price being around 2p and left OMI. Excellent prospects here.

And by the way, Continental gold has I think 11m ounces as opposed to 5m ounces referred to in the article. So you can see whete Omi is going

Bhargav

For all those who have been here a long time, the attached will bring back memories.

For all those new here, it will be an eye opener.
Waymar, by the way was acquired by Omi many years ago.

Enjoy the show. Watch out for the phrases in the article:

" I think Anza project is going to be one of the biggest gold discoveries in Colombia".

" This system has been juiced again and again".

" When they did the airbourne geophysics, the area they were drilling lit up like Xmas tree ".

" Charrascala project 1.5km to the west lights up like 4th July and hasn't had a drill hole in it yet "

"This company is going to be a whole lot bigger than Continental Gold ".

http://www.321gold.com/editorials/moriarty/moriarty011113.html

GLA

Bhargav, Mickey

Its only a matter of time before institutional investors come on board and then 40p will look very cheap in my view

This is going to race away very very quickly.

Watch the attached from Pierre Lassonde which will enlighten you on the prospects of companies like OMI. Staying long to reap full potential and reward.

GLA

https://youtu.be/gU0Z85mNweE

Mickey1122

Absolutely agree -

The Canadian JV in my view has been executed to mainly accelerate the project. Expect news after news here.

GLA

Absolutely Gecko. Cant be long now.

For those who also have interest in gold mining shares, you may find the attached from Pierre Lassonde eye opening. Its on Kitco.com

https://youtu.be/gU0Z85mNweE

Hi Eddiex

My only view in on "will be" in your note is that, as I have mentioned before, this would give a consideration of some £1.35B based on 2.759B shares. Assuming we have 40 million ounces, the above consideration would mean EUA getting a mere £35 per ounce. Now, if you were the sole owner of the business and based on Palladium and Platinum price of $2200 and $1000 respectively per ounce and AISC referred to in Power of 78 article of $380 or so giving average profit per ounce of say $1200, would you still sell at $35 per ounce? I know what I would do.

DYOR

Agree Bhargav

This has £5 written all over it

EUA - THE MOST FOLLOWED COMPANY IN THE LAST 24 HOURS AS PER VOX MARKETS PODCAST

GLA

Containsnuts

Or possibly three if WK is being sold separately

Absolutely agree Mac4671.

If the NPV analysis in the attachment was re-worked based on the 40m ounces, the target price becomes staggering.

One other thing to point out on the NPV analysis, is that the total capex of 756m is spread equally 42m each year over 18 years. However, tax relief should be received early (based on 18% each year on a reducing balance basis for a UK company). So in first year, instead of 42m, it will be 136m, in the second year it will be 112m instead of 42m. This would mean that around 70% of the total cost of the plant will attract tax relief in the first 6 years which should increase the NPV and hence the price per share.

GLA

Happypennies

My estimate is not too far out from that £2.44.
When someone suggested 50p, this would be a non starter because with 2.759B shares it would would mean a consideration of only 1.35B. And, with say 40 million ounces, it would work out to be only £35 per every ounce. This would not get anywhere near the Board as they know they can make huge profit per ounce based on market price of palladium and platinum being $2200 and $1000 respectively with AISC of around say $500 to $800.

If this was my own business, why would I want to give away something at £35 per ounce when I know I can make £1200 per ounce

GLA

Sorry attached here:

https://www.law.com/law-firm-profile/?id=242&name=DLA-Piper&slreturn=20200913131956

One just has to look at the statistics relating to DLA PIPER to realise the scale of the transaction here:

GLOBAL RANKED - 3rd
UK RANKED - 1st
TOTAL REVENUE - OVER $3 BILLION
PROFIT PER PARTNER - @$ 2 MILLION
REVENUE PER LAWYER - @$800,000

GLA