Orosur Mining Share Discussion Threads

[highly geared] 01/10/2020 16:16

Based on the bonanza grades from drilling to date, including several long high grade interceptions, the JV will have looked at the data , the licence package, and will be aiming for a 5-10 million oz resource ( majors generally don’t touch anything under 5 million oz potential).

Based on the current and projected price of gold over the coming years and the exceptional prospects here, a £50 million market cap would be an appropriate stopping off point for now, in my opinion.

[billthebank] 01/10/2020 16:11

Jodalu Thanks for that sometimes I need to gear a more considered view.Having said that I do feel this is grossly undervalued. Even at 30p the company is worth under £50M.Thanks for your input

[jodalu] 01/10/2020 16:07

Bill

eua is a different proposition as no many expect the company to be around much longer and all been good will be sold soon with a minimum share price of 34 (my view)
here is far too early to consider resource in the ground etch. we know that they had excellent dill results and 2 major are interested to put hard cash in it
this prove that likely to be value in the assert and reduce dilution on the long term and at moment i believe is were the added value is.
as usual in next few days we will see moves up and down at double digit anyone buying now should be aware that one of this days this will drop 25% but eventually is very likely to become a multi-bager from this level too and investor should not buy what they cannot keep for the long run be carefull t10 and so on

[thecashmoney] 01/10/2020 16:05

Gotta ask yourself why newmont sold 50 percent for 700k .

Be careful here 4 years is a bloody long time on aim

[deanmatlazin] 01/10/2020 16:03

thank you Bill

[billthebank] 01/10/2020 15:59

Mining Weekly extract

Agnico Eagle will sole fund the JV until expenditures equal Newmont's previous investment in the Anza project, about 2.9-million, which should be achieved in the next 12 months. Thereafter, the parties will continue funding on a 50:50 basis.

Newmont entered into an earn-in agreement with Orosur in September 2018, giving the company an option to earn up to a 75% interest in the project.

[billthebank] 01/10/2020 15:59

160M shares

[deanmatlazin] 01/10/2020 15:56

how many shares in issue? is the market cap on ADVFN is not right ??

[bmwman3] 01/10/2020 15:41

The value is there in the ground and now 2 majors are fast tracking to get it out the ground. No expense to OMI who are actually receiving payments during operations 25% free carried. Majors have 75% split between them. Cap tiny £25m. Expecting minimum 5m oz. gold grades are huge.

[billthebank] 01/10/2020 15:32

Sooo undervalued even at £27M Next EUA???

[bmwman3] 01/10/2020 15:30

TSX = 0.30 CAD...76% up...

[bmwman3] 01/10/2020 14:53

Likewise always seen them in my portfolio but looked past them! Have always known the potential and now needless to said with recent developments I've got in quite heavy like everyone else as this is still early days here at the moment! Good luck!

[justtrying1] 01/10/2020 14:51

Engrissh is ok jodaluu

[jodalu] 01/10/2020 14:49

Hi All

almost all the share BB on the mining sector make a comparison to GGP especially on market cap like here and almost all believe to be better value?
the fact are GGP are much more advanced that almost all of them
they are a lot safer due to the location
there is a misunderstanding on how much GGP own as the 75% given to Newcrest do not apply to all company assets
i have been in GGP since it was 0.023 sadly i sold over the time more than 90%
i have done the same in eua from.52
and i am here from 4.1 from years ago
there is no doubt that omi are more likely to become a 20 bag from here that ggp but clearly the risk are higher
can Omi be next GGP why not it can become but should be worth at this stage more?
i think so is it worth anything near GGP? no way
excuse my English not one of my best

[costapacket] 01/10/2020 14:45

Bought these many years ago, bottom drawer job but great to see them coming back to life!

[bmwman3] 01/10/2020 14:43

Canada 26.5 on TSX. 15.44p.

[tidy 2] 01/10/2020 14:25

Break 18 and its straight to 32Pounds not pence in due time. Imo

[qs99] 01/10/2020 14:15

May get my 30p sooner rather than later!

[tidy 2] 01/10/2020 14:13

Paying premiums in auction. I think any shorts have been well and truly raped. They wont let them close. Tough.

[bmwman3] 01/10/2020 14:12

Looking excellent

[qs99] 01/10/2020 14:09

into Auction again

[qs99] 01/10/2020 13:26

Pushing on nicely here...bonkers market cap IMO but that's our opportunity, glad to be in for the ride and GLA....having ridden GGP one can see what these miners can do with a big beast partner to help fund/speed up the drilling/resource firm up