Orosur Mining Share Discussion Threads

[richgit] 02/5/2016 14:10

Seymour Hersh Says Hillary Approved Sending Libya’s Sarin to Syrian Rebels

Murdering Millions of innocent People and their Children for Oil,is the US way,
whilst lunatics like Nuland,Breedlove, Clinton,Cruz etc risk forcing Russia into confrontation.

[richgit] 30/4/2016 14:36

From what I gather- Re Silver

It is reckoned the SLV is currently owed 14Million ounces of Silver
Those that cannot deliver or do not want to,will have to hope they can smash their way out with more paper Silver shorts.

That would be on top of a truly grotesque overall short position in Silver.

Dracula could of course deliver Silver,as they already have their circa 350 Million skimmed off ounces in their warehouses.

Dracula would of course prefer not to deliver any Silver as they want every ounce + every Silver Eagle around.

The day that Dracula decides it cannot skim any more Silver from the Paper shorts game and merely sits on its pile waiting for $100 per ounce ?,then Scotiabank Bank had better be damn sure they are out of the Silver shorts game

If the shorts gamble on smashing their way out with more shorts when the situation is already grotesque-and it goes pearshaped- then Fireworks will be early this year.


Whether Silver and or Gold have run a little too fast for the moment,really
deosn`t matter to Me- yet fascinating to watch just how this will be resolved
for the moment with the potential carnage for some.

All can see just how the so greedy ones had to be bailed out with the help
of Moron`s most public Gold auction of all time- as their Gold shorts were becoming like an Elephant in quick sand.

[thecynical1] 29/4/2016 17:56

gold moving nicely........this as well given that the volume wasn´t all that massive....nice way to end the week.....

[pixi] 29/4/2016 16:55

richgit, too fast for the MM's: delayed reporting of trades.

[richgit] 29/4/2016 16:22

Gold could be running a lttle too fast at the moment

If many margined Paper Gold players have a target of $1300 then Dracula and its Vampires will flood the Paper Gold Market with even more shorts.

Of course if they fail to succeed - then !!!?


They will fail at some point,as I wonder if Dracula can manage to skim off any more Silver for their "own" off Market warehousing.
They will if they can hammer the longs once again....but then that is another ----- can they !!?

Maybe Scotiabank should quiver,as Dracula doesn`t care where its next blood transfusion comes from.

[someuwin] 29/4/2016 15:40

This looks good.

[hazl] 29/4/2016 15:38

thanks rivaldo for starting thread on GAN

[iantrader2] 29/4/2016 15:33

I think it is safe to assume NOTHING

[rivaldo] 29/4/2016 15:16

Gold up to $1,280+, and OMI up, up and away....

[pixi] 29/4/2016 14:31

It's very interesting to get some background information on what's going on. Thank you.

abc 125, I think it's safe to assume that gold has broken out of it's downtrend. The Chinese have taken out the paper fraudsters and gold has been set free from rigged western markets. That will screw up the central planners big-style.

[richgit] 29/4/2016 12:42

Waymar is our potential fortune maker in its own right with rights to huge
acreage in what is considered a high Gold grade region.


Fingers crossed we get there.

As I pointed out-
Before the biggest Fraud and Manipulation of all time when they utterly nuked paper gold in 2013 -Waymar was valued at more than OMI is currently valued for "everything"


They had a 58.0g/t and here is a snippet from a more recent bullish result.




Waymar Intersects 40.5 Meters Grading 14.1 g/t Gold at Anza


Waymar Resources Ltd. is pleased to report significant results from four additional diamond drill holes on its Anza property, Antioquia Department in the Republic of Colombia. These holes are part of an overall drilling program designed to identify and expand the high grade gold mineralization along the Aragon Fault.


"The high grade gold zone intersected in drill-hole MAP-38 returned our highest
grades so far and confirms the continuity of the mineralization intersected in
drill-hole MAP-21," commented Pablo Marcet, President and CEO of Waymar. "We are
extremely pleased with the progress of our drilling program. We continue to
expand our high grade zones and the size of the overall deposit."


Mineralization at Anza, as proven by drilling results, extends at least 2,100
metres along the Aragon Fault structure. The deposit remains open to the north
and south, as well as down-dip. Other targets in the area, as defined by
geological mapping, surface geochemistry and geophysics, remain untested by
drilling.


Since the Company's last news release of drilling results on July 9th, 2012, an
extra 1,535 metres have been drilled and assayed on the Anza deposit, for a
total of 12,800 metres since the start of the drill program in April 2011. The
drilling continues on the property.





Shares Outstanding: 46,945,170

[abc125] 29/4/2016 11:39

p.s. I am not ramping this stock. If any one knows me I have been the biggest bear on gold for ages. To be frank I am still not convinced we are in a new bull market. But who am I to argue with the gold price.

[abc125] 29/4/2016 10:22

Bob Moriarty of 321gold was a one time big bull on Waymar Resources which Orosur acquired in 2014. Here's a peice he wrote before the bear market got in the way. He actually compared Waymar to Continental Gold.


In December I went to Colombia to visit a company named Waymar. The nice folks at Pinetree Capital had pointed out the project to me and wanted me to see it. The Anza Project and Waymar Resources (WYM-V) are the babies of Pablo Marcet. He came across the project, then belonging to Continental Gold and snapped it up. Continental Gold viewed the project as a base metals project and priced it that way. I think the terms were $3.8 million over three years, a $4 million dollar work commitment, 380,000 shares and a 2% NSR that can be bought down to 1% for $1 million. That’s for 100% ownership and it’s sweet.

Basically the market values silver and gold companies higher than base metals companies. The Anza project was a gypsum mine in Colombia where massive sulfides of lead and zinc were discovered in the mid-2000s. Continental Gold thought the project had the potential of being a VMS deposit and priced it that way. Pablo Marcet thought it might be something else. So far it looks like Continental Gold has found one more way to screw up. I think the Anza project is going to be one of the biggest gold discoveries in Colombia. Here’s why.

There are a whole bunch of factors that go into making an economic mineral deposit. I presume by now most of my readers at least understand the basics of geology. All minerals are found about everywhere. You need a concentration of a mineral to make an economic deposit. Most minerals are moved around in some sort of liquid form.

One thing that I have never mentioned and I don’t recall any other writer discussing in detail is the importance of ground preparation. If a mineralized liquid seeks lower pressure through faults or cracks in the ground, something has to create that fault or lower pressure area.

The presence of gypsum in a deposit is interesting because of the potential for an unusual form of ground preparation. You see, gypsum and anhydrite are the same mineral, calcium sulfate. Anhydrite is the solid; non-water bearing form of the mineral, gypsum is anhydrite that has been exposed to water.

When anhydrite comes into contact with water, making gypsum, it expands by 63%. When gypsum loses its water, it becomes anhydrite again and shrinks by 42%. So in a calcium sulfate rich system, you have a lot of opportunity for the anhydrite to swell, then shrink, then swell, then shrink. The expansion over geological time opens up the rocks and the shrinking creates up voids for fluids to move into.

We took a group of half a dozen people to the Anza project, Pablo briefing us all along. Thom Calandra was there along with the lovely Maria Paulina from Grupo de Bullet. I don’t know how many people understood the impact of the anhydrite/gypsum information but I did. And when we saw the core and looked at the assay results, it really hit home.

Pablo took over the company in March of 2010, Waymar picked up the Anza project in June of 2010. He did the normal ground geophysics and mapping as he raised money for drilling. In April of 2011 the company announced a 3000-meter Phase 1 drill program. To their very great pleasure the results of the drilling proved for certain they didn’t have a VMS deposit on their hands. Instead they were hitting good gold intercepts with results of up to 11 meters of 10.57-g/t gold and 2 meters of 40.25 g/t gold with nice zinc numbers.

By this time they realized what they were sitting on, they were well cashed up and had completed the basics of groundwork to get some idea of where to drill. Pablo and his team hit the ground running. In the next six months they completed an additional 14,000 meters of drilling. The most interesting thing is that the drill results are all over the map. They have 18 meters of 14 g/t gold, 22 meters of 10.4 g/t gold, 40 meters of 14 g/t gold and 14 meters of 40 gram gold.

This system has been juiced again and again and again. When you look at the core, it all looks different. You have high temperature rocks next to low temperature mineralization, high gold areas, high silver areas, and high zinc areas. None of the rock looks like any of the other rock. Pablo has identified a 2.5 km long strike length that appears to be mineralized that is some 200 meters wide and it’s still open to depth and to the north and the south. Let me work up some numbers in theory.

If you have 2500 meters strike that is 200 meters wide and 100 meters in depth and have an average of 1 g/t gold, you have 2500 times 200 times 100 times 2.5 divided by 31.1. That’s four million ounces. Maybe it’s only .5 g/t gold. That’s still 2 million ounces.

But it gets better and better. When they did the airborne geophysics, the area they were drilling lit up like a Xmas tree. If you go to page 27 of the presentation and look at the Charrascala project 1.5 km to the west it lights up like the 4th of July and hasn’t had a drill hole in it yet.

I’m going to climb way out on a limb and make a prediction based on the assay results they have already released and from looking at the core. This company is going to be a whole lot bigger than Continental Gold. I was really impressed with Pablo and his guys. For a company that is essentially about 18 months old, they have accomplished a lot.

Pablo’s background is one of success. I’m not nearly as impressed with the in-country management of Continental Gold. Management there is a whole lot more impressed with themselves than I am. They may have a $1.15 billion market cap but I’d like to remind them, all things change. Waymar has better management by far. Waymar is creating a mining company. Continental is creating an empire. Good luck with that.

Waymar appears to be well cashed up but the numbers are a little confusing. They have a final property payment due in the summer and that will consume most of their cash. They need to be drilling to beat the band and that will take more money. Pinetree is a shareholder and the majors are sniffing around. Those who understand it technically have a good clue as to the potential.

Continental Gold has over 5 million ounces of high grade gold but I think Waymar is going to be a lot higher and will surprise most people with the grade. I don’t mean to beat up Continental Gold but Waymar with a $16 million dollar market cap has CNL potential and a lot more.

I liked it enough to buy some shares when I got back so I’m a little biased. Waymar is not an advertiser but they should be. You can’t buy a stock until you know its name and I had never heard of the company or the story until Mat from Pinetree told me to look them up. As always, you are solely responsible for your own investment decisions but I really liked the management and staff at Anza and I think the company is going to be a big hit.

Waymar Resources
WYM-V $.36 (Jan 10, 2013)
WYMRF-OTCBB 46.9 million shares
Waymar website

[pixi] 29/4/2016 10:00

Gold $1276.80 + 10.40.

[ileeman] 29/4/2016 08:51

gold nice :P

[rivaldo] 29/4/2016 08:48

Gold nicely above $1,270 now.

[pixi] 28/4/2016 18:14

Gold $1264.30 + 18.50.

[wallywoo] 28/4/2016 11:07

This is well worth a read, comments on the gold price and what to expect in the near future:

[pixi] 28/4/2016 10:43

24 hour gold looking very strong.

[richgit] 28/4/2016 08:46

The T+ traders simply do not have the money to pay for their borrowed stock.

Weak hands,as I thought,yet some can buy their sells. !!?

As time progresses and assumedly the price of Physical Gold,where will stock come from when most of it is in strong hands ?

Presumably it will only come from the same type of traders,yet for those that
want 250,000 shares upwards it could become a street fight.

Let`s hope OMI is in rude health for the days that Physical Gold should eventually surpass $1900.

It`s a believable hope in the percentages game of owning a few like OMI,as some
could rise to levels unimaginable from the worst sentiment of all time.

Just the reverse of the new Dot-Com tech stocks in the US,valued at $1Billion
yet offering nothing but "promises" and "maybe",as per the last Dot-Com nonsense.

I guess the toss up between the new Baltimores and those that can produce
the "only" safe Money around - will come to the fore at some point.

We can only pray our Pension funds aren`t buying the "Baltimores" yet the
Robots are and gawd knows what will happen if they stop.


IMHO

[pixi] 27/4/2016 16:57

Back up tomorrow.

[pixi] 26/4/2016 17:33

Obama is at the back of the queue along with EU fraudsters.

[drago] 25/4/2016 22:53

If we leave europe and mr obama wont sell us any of his american products or services because we wont have a trade agreement for 10 years.

what american products would folks on here miss.

I WONT miss budweiser, coke, kellogs heinze, apple amazon, kfc, starbucks mcdonalds just for starters.

[pixi] 25/4/2016 11:00

I read the speech and want to be sick all over the pavement. Applause.