Member Info for Professor1

YOUR VIEWS PLEASE

I wonder if they would go back to the hole which was giving out signs of mineralisation but which the Canadians did not drill deep enough and therefore found no mineralisation- I wonder if this would cross Ben and his team's minds?

Hi Fukurokuju

Yes, I am absolutely with you.

I have just listened to the Vox and this sounds really promising to me. The Geos must surely know what they are looking at. More regular news flow to come I think.

Hi Fukurokuju

I read the other day that the deepest underground gold mine is around 2.5 kms. So, why can't that be done here?

Hi Ella10

Long time back when I first invested here, I was thinking if the geology here was the same as Bushveld. Bushveld is underground I believe unlike EUA

Pontac

Thanks for posting - looks superb. Now is the time for big top ups

Hi KeithOz

Thanks - sound very encouraging to me

Hi Seingred

You are absolutely right. I think what I was trying to do was to draw attention to was the fact that that whole area is littered with gold.

The other thing is that there is no way Brad is going to sell this if we are not going to get a fair price. Why sell on the cheap when future value is probably going to be 10x or 20x when the resource is proven up.

This is a great share to be locked into for a very long term I believe- keep on adding every month.

Hi Flintstone

No worries. Besides Omi, you should also try looking at and research thoroughly our neighbour (not Buritica) FENIXORO GOLD CORP. They are pretty close to OMI and you need to check out their RNSs / grades.

From their recent RNS " FenixOro Gold Discovers New Zone With Multiple High Grade Veins, Intercepts 124.5 g/t Gold"

GLA

Flintstone,

Check out the article in Science Daily dated 14 January 2020 - sorry I cannot attach the link here
-titled
"No need to dig too deep to find gold!"

"Why are some porphyry deposits -- formed by magmatic fluids in volcanic arcs -- rich in copper while others primarily contain gold? In an attempt to answer this question, a researcher from the University of Geneva (UNIGE) investigated how the metals are accumulated over the time duration of a mineralizing event, looking for a correlation between the amounts of copper and gold extracted from the deposits. Not only did the researcher discover that the depth of the deposits influences the quantity of metals produced but also that over 95% of the gold is lost to the atmosphere through volcanic emissions. In short, the deeper a deposit is, the more copper there will be, while gold-rich deposits are closer to the surface. These findings, which are published in the journal Nature Communications, will provide valuable assistance to companies that mine these metals."

GLA

Sorry based on GGP's 40% end game, GGP will need to find 13m ounces for every 1m ounce that OMI finds based on its 25% end game.

Flintstonebill

I will make it very simple for you.

For every 1m ounce that OMI finds, GGP will have to find 17.5m ounces.

GLA

Keith, thanks for this. Excellent potential here.

-Raised $15Billion not too long ago
-Their normal annual capital spend seems to be only $2 to 3 B
-Why did they do such big fund raise
-Beefed up its M&A Taxation Department - 2 separate adverts recently

GLA

BTB

Thats what I was also thinking

Sorry I could not copy the link but I would urge everyone to read the article that was published in THE SYDNEY MORNING HERALD on 18 August 2012 - " THE MINERS' EYES TURN TO BRIGHT STAR SIRIUS".

This is an amazing story how the company struck the find on just final attempt. Its a classic reminder for those who have sold completely or partly how patience pays.

GLA.

Thanks Keith and everyone sharing their knowledge on this.

It is looking promising to me.

In case if you have noticed from the RNS, IMG are working from a baseline cut-off grade of a MERE 0.3g/Tonne. That's impressive and if we get the volume mineralisation over the 6 and 1/2 kilometre strike length with the grades currently showing, then this SP should be a thing of the past.

BCB - totally agree

I am delighted by the RNS. Successful companies are not made from first hole. Its very positive and they now want to strengthen the proof of concept. I get a feeling that the expansion is also about demonstrating the potential to the JV partners?

Indeed Metal - And a very real possibility of a bidding war.