ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

OMI Orosur Mining Inc

4.50
1.20 (36.36%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Orosur Mining Inc LSE:OMI London Ordinary Share CA6871961059 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.20 36.36% 4.50 4.40 4.70 4.55 3.30 3.30 11,059,457 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 189k -1.79M -0.0087 -8.05 14.39M
Orosur Mining Inc is listed in the Gold Ores sector of the London Stock Exchange with ticker OMI. The last closing price for Orosur Mining was 3.30p. Over the last year, Orosur Mining shares have traded in a share price range of 1.95p to 8.50p.

Orosur Mining currently has 205,509,452 shares in issue. The market capitalisation of Orosur Mining is £14.39 million. Orosur Mining has a price to earnings ratio (PE ratio) of -8.05.

Orosur Mining Share Discussion Threads

Showing 15826 to 15844 of 23625 messages
Chat Pages: Latest  645  644  643  642  641  640  639  638  637  636  635  634  Older
DateSubjectAuthorDiscuss
21/1/2017
17:54
Richgit,

3.5 grams per tonne is certainly not high grade for an underground mine.

Isn't this far less than was anticipated for Arenal Deeps - which may have been a waste of $30m+.

Can you remember any underground gold mine that has been initiated on the expectation of such low grades - at 100m+ depth?

A 100m deep underground mine will cost at least $25m + the mill -- and no return for about 3 years.
Then there's probably not much infrastructure in the region.

You could be talking about a $40m investment here.

Not going to happen for such low grades.

augustusgloop
21/1/2017
11:32
Looking at the Anza report those APTA deposits are showing some very large intercepts. Could be years away though.
taperkick
19/1/2017
12:41
Usual desperate shorter pontificating as usual when share price and news is positive
overdale123
19/1/2017
11:34
Elban,

You should keep an eye on what is happening is this NEW high grade Gold area.

If OMI gets success here- then not only are there already potential watchers,yet
upon progressions of another particular entity - others could be eager to get acreage (one way or another).

That would put this asset in the spotlight.

There will be huge discussion nearer the time,so we patiently wait for now.


Most certainly many small explorers are attracting excitement to 250,000 ounces
so it`s a nice situation to start from


IMHO.

richgit
19/1/2017
10:24
"The resulting potential ranges between 1.6 M - 2.3 M tonnes averaging between 3.2 - 3.7g/t Au. "

-----------

Potential is the most misleading word in the English dictionary.

90% of 2 year olds have physical capabilities that give them the potential to run 100 meters in under 10.5 seconds when they are 20 years old.

But less than 1 in a million actually do so.

---------------

For the mine - the interpretation is:
If all our most optimistic assumptions are correct - then the mine could produce 250k ounces of gold.

augustusgloop
19/1/2017
10:07
Doesn't look economically viable to me.

Decent grades if they were at the surface -- but they are not - they are nearly all between 100 meters and 200 meters down.

That means building a serious underground mine right from the start.

--------

Simple conclusion = not going to happen!

augustusgloop
19/1/2017
09:29
Metals are normally measured in troy oz which is 31.103 grams
breaktwister
19/1/2017
08:49
ah, ok so 1 ounce is 28.35 grams. So 7M grams = 246,913 ounces
wallywoo
19/1/2017
08:45
Sorry for being thick, rich, so what does this mean in terms of gold potential:

"Based on this information, a geological estimate of an exploratory gold potential of a portion of the APTA has been prepared with the assistance of Mine Development Associates ("MDA") of Reno, Nevada. The resulting potential ranges between 1.6 M - 2.3 M tonnes averaging between 3.2 - 3.7g/t Au. This estimate is based on current drilling and is expected to grow as future exploration drilling is conducted."

wallywoo
19/1/2017
08:42
Completely wrong.

Try getting the units g/t and oz/t correct and go from there.

I make it around 200000oz. Not allowing for losses, ROM dilution etc.

sleveen
19/1/2017
08:40
wallywoo.

No.

That would make it already far beyond Brancote.

Circa 250,000 Ounces


Certainly optimism that a drill campaign could get it to beyond 500,000 ounces for
starters.

The Waymar acreage is huge,so if they can get good results with potential for far more then who knows !!!


"The site has environmental permits enabling both underground and open-pit mining operations. The Anzá project includes two small underground gypsum mines, each of which also have environmental and mining permits granted by the Colombian authorities. Historically, the gypsum mines have been operated by a third-party contractor; Orosur is currently in the process of taking over operatorship. The gypsum permits can be readily expanded, enabling Orosur the ability to fast-track permitting for future gold mining operations."

richgit
19/1/2017
08:18
So I am reading that right, an estimate of 2M tonnes at an average grade of 3.5g/t, so around 7M ounces (not JORC of course).

wow!

wallywoo
19/1/2017
08:05
Timing/Sentiment are always the vital components.

If this drill programme coincides with the right timing/sentiment then it could
obviously be a huge Catalyst to propel the stock from wherever it is at the time.

The dreams of what could be can be a powerful addition to Investor appetite,as once again there will be discussion as to whether OMI is an earnings stock or self financing explorer- or both.

Whether the Waymar assets will be OMI`s Brancote is certainly a dream to hold.


I love the description that the $US Dollar is " a bug looking for a windscreen"
and at some point in the future it will find that Windscreen.


The commencement of drilling will certainly be my own reason to add more shares .


Looking around- just maybe HUM will have shown some legs by then and add to
improving investor sentiment from the current doldrums.

It will all be a hindsight of what volatility we will experience in these Imaginary Markets, yet for myself I just stick with the "Bug" scenario and several
Gold/Silver stocks.+ vaulted Silver/Gold


.

richgit
19/1/2017
07:32
Interesting RNS this morning includes some of the highest gold grades I can recall.
The average is also ok but I suspect that the high variability might pose operational problems.

boadicea
19/1/2017
07:25
nice rns..onwards and upwards
temmujin
18/1/2017
13:21
Seems OMI gives out rose colored spectacles to its investors
Thanks for not wearing any Augustus

bigtbigt
18/1/2017
12:32
Guess I'm gonna have to get the steam going on the laptop. Can't seem to filter wasters on the iPad who are betting and sweating on a big fall in the share price
overdale123
18/1/2017
12:14
wallywoo:

"generating 3-4 M per qtr in cash"

Have you even read the last RNS?

It states clearly the change in cash:
Cash increase in last 3 months = $394,000
Total increase in cash in last 6 months = $1,056,000

So about 1 tenth of what you are claiming.

augustusgloop
18/1/2017
12:02
No OMI made it quite plain Arenal Deeps had been running for approx 3 years and reserves were becoming depleted

but I would of said there was probably 200 - 300K ounces in Don Tito, and of course SG Deeps


Money in the bank (end of Nov $5.4M) generating 3-4 M per qtr in cash

wallywoo
Chat Pages: Latest  645  644  643  642  641  640  639  638  637  636  635  634  Older

Your Recent History

Delayed Upgrade Clock