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 ".
Newmont only forge relationships with Juniors where they think,following work carried out by them, that the prize will at least be 5m plus ozs. Remember they acquired only 250000 shares in June and exactly 3 months later in September 19.9% . None of us are privy to the work they must have performed in those 3 months which led them to increase their stake in Omi. Juniors can only dream of world's major player enter into farm in agreement with them.
Its general sentiment right across all equities - Italy worries, trade war worries - geo political situations in certain areas etc etc - Investors were taking flight right across all companies and mining were not spared
" I've received a response from my email to Orosur from Ryan Cohen Vice President, Corporate Development regarding the accusations by trolls on here and though I can't discuss the contents I have to say I'm very impressed from the response. Rarely does a company take effort to respond to shareholders ".
Newmont decided to go to bed with Omi for no reason.
The Auditors are required to state regarding going concern in all the companies they audit.
"..ability to obtain adequate financing.." - Omi has taken an aggressive approach as regards financing by signing a deal with Newmont based on Anza potential.
"..to reach profitable levels of operations.." - per Edison Investment Research and Advisory :
" We understand from management this deal has followed a number of site visit trips by NEM's staff to ANZA highlighting NEM's early confidence in ANZA being able to yield a mineral resource of suitable size and grade for it to develop ( i.e in the order of 3 to 4 Moz Au) with anything smaller likely returned to, and benefiting OMI considerably in the long term ". So the the question of future profitability does not arise. Just think why would Newmont acquire 250000 shares in June and then only 3 months later end up buying 19.9%?
As per latest financial statements, certain unsecured creditors are not included in the Statement " on the basis that LORYSER IS NOT GOING TO BE LIQUIDATED".
"Loryser striving to get a fair and balanced outcome for all parties " with a view to EXITING CREDITOR PROTECTION QUICKLY AND EFFECTIVELY".