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The early two placings needed to keep.the lights on and fund this drilling now at Pepas we're from a position of weakness.

This new raising and future ones are from a position of strength.

The next one imo will be from an even stronger position of a very low cost surface mine at Pepas, and a resource at Apta.

Would have preferred a higher price. But no warrants which is important. No more freebies for investors.

We would all like to get the discount these so called sophisticated investors get. But we can't. So if you want in you need to pay market price. Still a bargain imo.

We knew they would need another placing. This money will be used at Pepas. The drill results coming out for the next 3 months will be exiting. If as I expect they confirm a 1-2 million high grade surface mine. Then this share is transformed forever.

Mark729Expecting pep 15 before Xmas. With more of the same 5g plus. The big hole is pep16. We have already had 150.9m at 3g from surface in 2022 drilling.

Pep 16 could be like collective mining hole just released 150m at 5-6g!

To calculate cost per ounce, we start with the cost per tonne, divide by grade in g/t and multiply by 31.

So as an absurdly simplistic example, lets say it costs $50 to mine and process a tonne of ore (not taking into account mining of waste)

If that ore is 1g/t, then 50÷1×31=$1550 per ounce cost

At 5g/t then 50÷5×31=$310 per ounce cost.

Grade, as they say, is king.

If this is 5gt plus for over 100m plus from surface then the 9p today(or from publication date)will be the last of the sub 10p buys!

I haven't had chance to read all the posts. But on CEO.ca/Omi board this was posted

liked that graphic video. So there is an easy 1.5B USD in that little hill, that we know about. Wow. I wonder how much more they will find? Oh, They already have at Apta. Good. It took a while but Brad is figuring it out. They better hire a company maker from Columbia to back those guys up. If a couple of those other tuff, androcite areas are similiar this project will explode. Mining a hill is much easier than digging a hole. I shouldn't say it . 3 to 5 X from here sp. The last three holes were pretty impressive. Mining at 4 gpt is 15X more profitable than 1gpt. Do we want $40 or $400 profit per ton processed. . Even a small mine will be very profitable.

This find at Pepas Is a game changer for the company. The mine would be throwing of $2000 an ounce profit at these prices.

The land package that Omi has now is so juicy. Apta to a resource. El cerro in the south, el pantano in argentina. Too many targets to drill.

With the profit from pepas mine. No further dilution would be required. Drilling could be self funded without JV. Or share buyback.

It's a different animal now. I have added as this is still early days.

For me. That is now the obvious route. Keep drilling Pepas to increase the resource. Then get funding to build a small mine. The profit from this will be enough to go it alone for drilling the other projects. Keeping control of the project without dilution. If you want to can do JV on the other sites. The land package we took over from MMA is huge!

So is the plan now to keep drilling pepas into a resource. And with it's excellent location and access. Actually have an open pit mine which would transfer us from explorer into a producer?

The drilling can be funded by warrants alone for now. The open pit mine from the drilling could be funded by institutions.

Then the outstanding profits from the open pit can fund drilling in Argentina, and other sites. Or JV the other sites for drilling.

I have never been more pumped about one of my shares. This is special and we are in at the ground floor guys!

Remember reading this article and investing. Now we are seeing it come to fruition.

I've always been a believer. Not been easy last few years. I've had miners go bust in me. 3 in total. Been wiped out. Been in mining shares 15 years. This prospect excites me the most.

Guys go over to CEO.ca/Omi board. To read the posts by Kilconavc. I hope he starts to post here. Because his information is top notch. Believe me this is an elephant find!

Winning lottery ticket 💰💰💰💰💰

Previous mines in columbia have sold for $1-2 billion. I believe whole heartily that Omi are sitting on a similar size deposit. Which means even with 100% dilution from here in time we will see £1 a share. Sitting on a

In 2025. We will have the scenario of drill results from Columbia and Argentina one after the other! High grade gold and silver. El pantano has zero drilling yet. But I'm confident that it is world class. And the unico silver results near by are proving such.

Thanks Karl. Missed that. So it's 267 million shares in assurance if all the warrants are exercised. And why wouldn't they be at that price! So with options for the board, we are at 280.5 million. Which will obviously increase with time. But expect dilution to be much less going forward with much higher share price.

With those warrants there is no need to have a placing anytime soon.

A question I would like to ask. Is how to improve the liquidity and participation in the Canadian market listing.

The volume is a fraction of that on AIM. It's an untapped market.

After all we are paying for a dual listing.

This is my post on the Canada board. Ceo.ca.omi . I followed the link from a post below. There's a great discussion going on, with some knowledgeable posters on mining. We should all join.

Mark729So I'm trying to work out the fully diluted share issue. Currently 236 million. 14.1 million warrants left, and 13.6 million options and rsu for the board.

So 263.7 million fully diluted. Expect the warrants for sure to be exercised. This will give funding for more drilling.

So we will be around 250 million shares. At $100 million mkap that's 40c a share.

I have been in Omi since the Uruguay mining days. Still at a loss. But closing in close to break even.

Long painful wait, last two years. But always believed that they are sitting on a monster prospect. And now they have a potential monster in silver in Argentina too.

So excited 😂

Exactly, the by-product metals of this deposit are outstanding. And will make a huge dent in the costs. So the profit margin on the gold will be awesome. That's why VMS deposits are the most economical and attractive. And gold rich VMS deposits like we have is even better!