Member Info for Professor1

Many thanks Ageos for clarifying. Good luck all.

Hi MP agree. Besides, before entering into the farm in agreement, NM must have done a significant amount of their own work. NM are only interested in large finds of 5m or greater.

La Cejita looks about 6 to 7 times that of Apta in size.

Hi Shelly Agree absolutely. Ageos - I do not understand how and why you have used only 12 metres of depth, if you can please elaborate. Based on current drill results, if you convert each of those into simply 3g per tonne I think we would end up over 30 times more depth then a mere 12 metres. This then throws the tonnage out completely different from what you have stated.

Based on grades declared, I believe: If grades consistent throughout - 14m Oz If 50% strike achieved - 7m Oz If 25 % strike achieved - 4m Oz

Hi Shelly A good offer in short term might be better than waiting few years. NM will no doubt go all out with their DSG technique to identify the extent, depth, orientation etc of mineralisation. Good luck to all.

I think so too Major

Hi Degsy Absolutely agree on your analysis. This deal sounds good to me and believe protects existing shareholders.

Hi Shelly Thanks for that. I think this would possible remove some of the fears expressed by some that NM would gobble up Omi on the cheap. Secondly, NM only has the option to form a JV with Omi after the Phase 1 (4 years) by which time a lot will have been proved. I believe without the Part 2 in the Subscription Agreement, Omi would have opted to form a venture not with NM but one of the other parties involved in the discussions with Omi?

Sorry- period not pwriid below post

I am trying to make sense of having the second part referred to below in the Subscription Agreement. First Part - Newmont acquired roughly 19.9 % of the issued and outstanding Common Shares for a total consideration of $2 million. Second Part - Also, the Subscription Agreement RESTRICTS Newmont to acquire more than 19.9 % of Orosur Mining's outstanding VOTING SECURITIES. The conditions are valid for a pwriid of five years following the closure of the deal. Please can someone shed more light on this second part . Thanks

I wonder which of the projects are connected to form an enlarged zone - perhaps a gold district in the making which attracted Newmont. Clearly, we would not want Newmont to acquire us cheaply. The projects are in infancy and Omi management are not likely to agree any cheap value knowing very well what they have found underground.

According to Edison, the investment intelligence firm, January 2017, " the geological model provides demonstrated metallurgical recoveries high at around 96 %, similar to other gold projects located nearby". " Work undertaken by previous owners and their consultants Snowden, suggests that Volcanogenic Massive Sulphide ( VMS) process could be the overarching geological process governing Anza's mineral depositions. However, we would also add that the regions geology also offers the potential for epithermal style gold deposits. From first hand experience, we understand the incredibly dynamic processes that go on during the formation of VMS style deposits" "If a VMS type ( or other type) of system is verified at Anza , IT COULD PROVIDE A STEP CHANGE IN FORTUNES IF OROSUR ".

Huge upside from just first project with four more to come.

To have some idea of how much Omi is understated in terms of its market cap, one needs to compare the initial production guidance in early 2017 and the results published recently. Back in January last year, Omi's very early stage production guidance in terms of Soil tonnage was, according to Omi and Edison, the investment intelligence firm, only 1.6m T lower bound and only 2.7m T upper bound with grades of only 3.2g and 3.7g respectively. Based on such such low tonnage, but still very respectable grades, only 200,000 ounces of gold were estimated and Edison put an in-situ value of this estimation at an average of 6.8 cents per share or 5.4 pence per share. This was when gold was trading at $1300 (this is not significantly more than where the gold price is now and which is in fact forecast to increase in the near future). As per my post on Tuesday at 23.58:- Based on recent drill results we know the strike length is 1.5km. We do not know yet the width of the strike but have assumed to be only 200 metres. For the depth, based on grade results published, I have arrived at a depth of 320 metres after converting each of those results into an equivalent 3g per tonne. Based on the above, we have = 163,000,000 Tonnage X 3 grams gold per tonne = 489,000,000 grams 489,000,000 ÷ 31g = 15 to 16 million ounces gold If we assume a strike rate of such grades at say only 25 %, we have 4 million ounces. With just 25% strike rate, the estimation now is some 20 times more than in early 2017. If the in-situ value placed in early 2017 by Edison was 5.4 p per share then if the above estimation is anywhere near the actual results then my own belief is that we are so much undervalued that its unbelievable and you can figure out where the price per share could end up.

Thanks Bhargav. Good to see Vicjain and I believe Mike here from ggp. This has success written all over it. Good luck all.

Posting first time here having taken exposure in Omi few weeks ago although have been following this co on proactive news for quite some time. What made me invest were some of the most unbelievable grades declared at the APTA site of the region. I understand that the strike length here is some 1.5km. We do not know ( unless I am mistaken) yet the width of the strike but have assumed to be only 200 metres. For the depth, based on grade results published, I have arrived at a depth of 320 metres after converting each of those results into an equivalent 3g per tonne. Based on the above, we have in cubic metres: 1500m x 200m x 320m = 96,000,000 cubic metres × 1.7 tonnage soil per cubic meter = 163,000,000 Tonnage X 3 grams gold per tonne = 489,000,000 grams 489,000,000 ÷ 31g = 15 to 16 million ounces gold If we assume a strike rate of such grades at say only 25 %, we have 4 million ounces. This is only from the first site with four more to go. To me its a no brainer for the investment case here.

Hi Prospector Agree - they need to go all out to monetise one of the other projects- hopefully BH. As you mention, 3DIP around various targets. GGP has a vast landbank so it is going to take time and patience will be required. Its also going cost a lot and there could be further fundraising. The only thing thats really boggling me is Newmont performed their DSG work on the EG west and dataset was described as good, so much so that according to GH Newmont said " you will be pleasantly surprised". Despite this, NM walked but identified this new 5km anomaly which we had results on. The new anomaly must surely, from the DSG technique, be showing better signs than EG West which, if you recall from the interview, GH had mentioned " this red blob which showed up and that too of 5km" and that is why GH embarked on the drill programme there. The question is why then it has come out with poor results as reported in RNS? Incidently, the buy volume outweighed the sell volume by something like 4 to 1 on such poor results on that day - which please can someone enlighten me as to why this is so as I do not understand.

Hi Djwall Agree entirely with your comments.

Clearly disappointed with the EG meadows results. However, I do not think that GH will drop EG. Newmont DSG did not just identify one anomaly in the meadows area which GGP tested. According to GH, there are several anomalies identified, albeit, not as large as the 5km one identified by Newmont DSG. I think some of these could be targeted at some point in the near future. As regards EG West didn't GH say that the data set from Newmont's work was the best they had ever seen but cannot be made public due to confidentiality. If this is true then I suspect a drilling campaign might be undertaken at this site. Waiting patiently to see what Black Hills and Havieron deliver. With several projects, hope at least one comes to fruition