Orosur Mining Share Discussion Threads

[hazl] 07/7/2016 16:29

Perhaps that is partly why the Shanghai Index came into being richgit?

[richgit] 07/7/2016 16:08

For the chartists that believe Paper Gold is real Gold....

JP Morgan et al are thus hell bent on trying to contain the silver price
as Chartists believe the idea that Gold cannot hit $1800 unless Silver is $30
as the 60-1 is a Mystic Meg set in stone in the all leveraged Paper World.


Whilst they still find Gold to feed Physical buyers Paper Gold can still have some control,albeit the chartists cannot tell us where that Gold is coming from
nor do they acknowledge that when Paper Gold sold off in their Charts it was the Anti Gold Cabal and the BIS selling Paper- not China.India.Russia,Kazakhstan etc etc etc selling Physical !!





We have to wonder where that Gold is coming from,when these past years all
Mined prodution coming to Market + all the Gold vapoured out of Central Banks
into leasing to the Gangsters - has gone forever and a day.

It certainly does put Fort Knox into focus even as most suggest that is another
conspiracy nonsense.

The question never answered of course is why Germany cannot get the return of their Gold from Fort knox if it`s readily available- as it should be.

We will never get the answer,as no doubt if Gold was repriced to $10,000
to support assetles central Banks and paper.the US would claim they have
the Gold even if the vaults are being emptied.

As Clingon Clinton,Satan`s disciple to destroy Mankind in War,gets a get out of Jail free pass...are silly conspiracy theorists all barking up the wrong tree ??

We are the cannonfodder spread in the Elite`s Sandwich,so we are never supposed
to question anything.

[abc125] 07/7/2016 11:23

Yes, I tend to agree, the 18-20p barrier will be a tough nut to crack. However it's worth noting that OMI is worth less than Waymar was at its peak. Basically new investors would be buying into Waymar for free.

Marl's Hot Maden project has got a lot of attention recently. Let's not forgot Waymar had some great intercepts including a metre long 176g per ton.

[hazl] 07/7/2016 10:27

currencies, gold, economies have always been manipulated by those whom have the power and incentive to do so.

IMO

[richgit] 07/7/2016 10:08

abc125

We can agree to differ.

Just because Gold has risen- does not mean that manipulations of "paper Gold"
have not taken place.

They are taking place even when Gold rises,to contain the rises,that`s why
the BIS are last resort of Manipulation if all else fails,as they dump their $1 and £2 Billions worth of paper into the futures Market.


The greater form of Paper Manipulation has been taking place in Paper Silver
which is a multi-year obscenity,bar the odd breakout.

JP Morgan entrenched itself into the Comex Casino when they took over Bear Stearns and inherited their "Silver shorts" which nearly blew up in Dracula`s
face,so they + their gofer Scotiabank have been manipulating Paper Silver so blatantly that even the Naysayers see the Manipulation for what it is.

When JP Morgan rinse the longside Margined Silver punters to whatever lower price- JP Morgan then also buy all the Silver Eagles they can at their manipulated price to add to their Millions of skimmed of ounces to their account.

I daresay Silver could reach $30 in the months to come and still manipulated
below its true worth and demand,both as an investment and industrial.

Gawd knows what price it will reach when JP morgan back off and blood let Scotiabank (maybe).

All paper is burning and that will include Paper Gold & Silver at some point.



Amen as I now sit back and watch how it all unfolds.






ne

[wallywoo] 07/7/2016 09:44

IMO we will need the update due next month before these levels are broken. OMI need to show they are going to take advantage of this gold market price by:

1) Expanding production back up to 50K+ ounces
2) Find a way to get Columbia up and running in the next 12-18 months

If that is done without significant dilution then 40p+

[abc125] 07/7/2016 09:27

The 18-20p range has multiple resistance levels going all the way back to September 2013. Once this area is cleared, I can't see any chart resistance until 40-50p.

[abc125] 07/7/2016 09:02

This gold bull market has the potential to be different than the 08-11 bull market. Then, gold was quite strong along with the miners. On this occasion, I think miners could outperform the metal handsomely if the juniors follow the price pattern of the majors. I note RRS has already, within 6 months, exceeded its 2011 highs when gold was $1900. That bodes well for the mining complex.

OMI's 2011 high was £1.

[qs99] 07/7/2016 08:55

20p on the cards soon IMO...

[abc125] 07/7/2016 08:49

I don't think Salazar will want to increase production just yet if AISC's go above $1000 Imo. He would rather get OMI to 50,000oz p.a by getting a small mill going at Anza (as stated) which would, in all likihood, keep AISC below $1000 given the higher grades.

[drago] 07/7/2016 08:46

if this had a forward pe of 3 it would fly ,imho
just dreaming

[rivaldo] 07/7/2016 08:32

Interesting post elsewhere from Two Sporrans reflecting on potential $12m EBITDA:

"An ongoing average of $1,300/oz pa is sufficient for Salazar to give the green light for about 15k pa of local [to the mill] open pit production; typically with a historic operating cost of ~$1,100/oz.

So, a possible return to 50-55k production rather than the current 35k.

Plenty of spare mill/tailings capacity. Mothballed equipment hopefully; so the marginal All In Sustainable cost not a lot more than the $1,100/oz operational cost.

In any event, obviously the ongoing 35k production will be generating a lot more profit than previously.

Back in April, an analyst projected [based on $1200/oz POG] :
"We expect EBITDA to rise from US$1m at the interim stage to US$7.9m by year end,"

Surely we can now expect much more; well over $10-mn just for 30-35k production.

Add to that for renewed open pit production. Say 2 qtrs = 8k gold @ $200/oz net cashflow; add ~$1.6-mn to year end EBITDA....total of at least $12-mn looks attainable if POG averages $1300/oz from here.

Prospective cash flow to fuel Waymar-Anza [Columbia] development/production; maybe starting with a small operation [but at least 10k pa gold] that can be brought into production within 2 years.

From q3 results report:
"....the high grade Anzá project, where Orosur is currently evaluating a number of options to advance the project via a smaller higher grade underground mine."

[hazl] 07/7/2016 08:26

even if gold price fluctuates.... which it will

these companies that have a low production costs are going to be sought after

imo

[hazl] 07/7/2016 08:11

thanks blueball

[qs99] 07/7/2016 08:08

nice start to the day,

[abc125] 06/7/2016 16:06

richgit,I don't want to get in a long debate about manipulation but I agree gold was manipulated pre 1971 when it was fixed at $35. Post 1971 however it is a different story. Since that time it has risen 3,800% to todays $1370.

[richgit] 06/7/2016 15:53

hazl

I truly wish we were not in this situation.

Things are getting scary....

"World's Biggest Asset Manager Downgrades European Banks To Sell, Expects Global Slowdown"

[hazl] 06/7/2016 15:35

I enjoy your posts richgit 8-)

[richgit] 06/7/2016 15:27

ABC 125


You say Gold is not manipulated.

Gold was (officially) manipulated in the days of the Gold Standard.

The US consider it is their legal right to manipulate Gold.


Deutsche Bank has admitted to Manipulating (paper )Gold and is prepared to whistleblow on all others.

The wonders of manipulation can also benefit Gold buyers immensely when the Central Planners decide- they want Gold up !!!!!

They may have to if all else fails.

[apfindley] 06/7/2016 15:23

Heads up, rns coming drilling commenced.GWMO.Gold explorer, safe jurisdiction of Nevada US. Market cap only £0.9m, with £0.7m cash. Worth a small punt, and hasn't yet risen with other gold stocks. Thousands of acres of highly mineralised gold, copper asset. Great Western mining. GWMO.

[richgit] 06/7/2016 15:21

seroserio.

They can arguably smackdown if Paper Gold trades far higher than wholesale,as
JP morgan can print all the illegal paper shorts they wish to in the Comex
Fraud Casino

Of course there are two prices for wholesale- The price for Joe Bloggs and His/her ounces,and the price for Sovereign and their Tonnages.

It isn`t inconceivable that one day paper Gold could be at -eg $1300 and Physical for Tonnages at $1500.

It wont be a situation that could be arbitraged as nobody bar Joe Bloggs would
extract delivery from paper NO Gold.

Just like attacks on CFD margin jockeys,Dracula et al will attempt to shake out
any margined Gold players,yet as Paper Gold holds virtually no Gold,they really
have to dream up a plan to shake some of that real Gold out of the ETF`s.

It is likie a seesaw with detonators at both end,as Dracula et al try to figure out whether bombing Paper Gold just brings out more buyers for Physical.

Yesterday-that is what seemingly happened,yet there will be more attempts to come.

Up-down -yet gradually ever more up.


IMHO

[scottishfield] 06/7/2016 15:11

I think you may be right abc :)