RE: The Market knows -16 Feb 2026 09:52
40, I gave mako mining as a good comparison. One of the highest grade open pits on the planet. Producing 40 k oz pa, expanding continually, continually releasing v high grade drilling and now 2 us projects. M cap £400 m
Elton reckoned Omi worth that much now with 201 k oz hopefully coming out of the ground in a few years.
I guess I should top up mako some more.
Most here clearly don’t know the difference between inferred, indicated and proven and probable reserves. Attempts have been made to value mre as reserve in the ground value. 5 years ago the doc was trying to tell me that we were funded inc bfs for mine at apta with $30 m total spend from our J/v. That’s in the 30 m oz elephant ramps time, not 201 k oz .
Why do I hold here . Because we are in a bull run, we are well funded and importantly well backed currently and there are certainly opportunities for this to make further discoveries. Until proven they are just hopium. There is no need and in fact it is unhelpful for posters with little real understanding to keep ramping up expectations. Just waiting for that imminent j/v in Argentina. Apparently the drill results are held back for that!