Orosur Mining Share Discussion Threads

[bushtuckaman] 15/10/2020 11:53

Rossannan, QS99,

the Buritica deposit not far from Anza seems to be a worthwhile comparison if it were to get that big. Continental Gold owned Buritica and they were bought by China's Zijin mining for $US 1 billion earlier this year. The deposit contains approx. 11 mil oz Au.

[qs99] 15/10/2020 11:44

tried dummy sell, offering over the bid shown by ADVFN for instance....looks like dropping bid didn't bring in much and demand still driving it higher....natch DYOR!

[catchingmice] 15/10/2020 11:43

When will these Scuttlers ever learn selling out low and Scuttling back in paying moreHold for GOLD

[yet another final] 15/10/2020 11:40

The majors will never allow OMI to realize it's full potential, so will tell them to "move along" if resources are proven, for say $200millionWorks for me, and many I suspect... Exciting times

[yet another final] 15/10/2020 11:38

You come up with the same figure I did... 500million (and to put a damper on things, that is in dollars not pounds... Sorry lol)

[billthebank] 15/10/2020 11:37

Bought more!!!

[tidy 2] 15/10/2020 11:35

All charted out

[catchingmice] 15/10/2020 11:34

Where we heading 40p by close possibly"BOOMTIME"

[qs99] 15/10/2020 11:34

bid dropped / offer kept on at 33.5, I don't have L2 so can't see if we are due another step up as MMs try and pick up stock? DYOR

[jayminpatel1] 15/10/2020 11:33

Do U write any number which pops into your tiny mind

[qs99] 15/10/2020 11:33

thanks Rossannan appreciated

[tidy 2] 15/10/2020 11:32

Followed by 44.9

[qs99] 15/10/2020 11:30

Thanks all

Am now holding a decent position in OMI alongside my other speculative miners (EEE, GUN, PAT) and more established ones (HUM, SHG, GPM as an IT covering miners)

cheers
QS99

[billthebank] 15/10/2020 11:25

I agree with you!!. In addition Newmont own 18% of OMI. Agnico dont own any YET!! Would anticipate them buying. Conservatively you are right the two would only be interested in a 5M minimum resource so for them both to be in there should be a degree of confidence for prospective buyers. On a macro viewpoint if USA apply the gold exchange standard or if COVID really kicks in there will be a huuge demand for physical gold so $2k per oz could be smashed.Holding personally for now. NOT SELLING ANY!

[tidy 2] 15/10/2020 11:23

Cap 46m getting close to when instis can start order filling.

[qs99] 15/10/2020 11:22

Thanks rossannan

OMI from what I can see would have a 25% stake remaining as you say, let's assume your numbers are correct (aside from POG ups and downs), then $2bn equates to c.£1.5bn which represents a mahoosive upside to todays c.£23m market cap, BUT as you say, NPV as production would be years and years ago and risk etc etc......

GGP isn't a bad comparable, nearly hit a £1bn valuation recently as it neared 30p as its drilling campaign continued.

SO "maybe" the c.£60-100m market cap i.e. where tidy is punting it, isn't a bad starter for ten given the potential here. November drilling should provide either a stimulus or a rude awakening!

DYOR

[pigeontrader] 15/10/2020 11:22

BOooooooooooooom 40p next week now

[qs99] 15/10/2020 11:12

thanks all, really interesting

[catchingmice] 15/10/2020 11:12

The good news is 'MUNCHBOX' Has closed his shortLunchbox short of a picnic that geezerLOL

[billthebank] 15/10/2020 11:10

I know its wrong but I am pres cons all in!!!!!!

[catchingmice] 15/10/2020 11:07

GGP rose over 11,000% over a 5yr period We have risen around 500-600% so farImagine OMI doing the same Nothing is a certainty in life but many could be saying "I had the chance of Buying OMI back in 2020 @ 30p and now its 3 Quid per/share in 2022 ?HmmmmmmmmI'm holding I've convinced myself