Seingred29 Oct 2022 11:17
Tend to agree omi will have to print money at some point to fund directors salary stock market listings and fund the other two projects. Also we just dont know how much money they will need further down line so longer term will definitely need more money.
However we just dont know how much gold the JV partners will drill find on all these 8 sites and I would guess its going to be substantial 10m plus me hopes. We also dont know what the gold price will be in 3 to 5 years time and we dont know what the markets will be doing.
However we do know for fact that all costs associated wi Anza will be covered by JV partners minimum 20m in next few years and according to brad could be 40m to 80m. Also brad thinks we could have a huge find towards 30m but this is not fact.
Today omi is worth £22m but majors will pump in 50 to 100m possibly so to me we are undervalued. Also some of the other sites are monster me hopes in south and could be 3m ounces on their own. Brad is a geologist by trade and you dont get someone saying could be biggest find of his lifetime or could be towards 30m ounces here.
We also know that all round world countries have been printing money and have debts in Billions or USA 30 Trillions and growing to their gdps. Iin my opinion we will see a massive bubble in precious metals within 5 years like banks were in 90s builders and dot com days and crypto of late. Gold silver is Gods money has stayed the test of time. paper money being devalued every year by inflation. look at an ounce of gold 1920s 20$ what does 20 dollars buy today and an ounce of gold was 20$ in 1920s that same ounce is now worth $1665 were as the paper currency is worth less.
So in Summary if Anza gets took out 100m or 75m thats still 2 or3 times todays price but most on here hoping it is 10 times todays price we dont know but you never factor in that gold stocks will be in a bubble at some point in the future and gold could possibly worth 3,000 to 5,000.
One thing for sure we heading for a massive recession and interest rates will start to fall in 2023 and QE5 will be bigger than all QE put together. This could cause such things above Ive mentioned and then you will see exploration companies zoom like crypto or dot com days.
DYOR