Orosur Mining Share Discussion Threads

[abc125] 11/12/2024 10:11

Very good post Tom. Thanks for the workings out. Step out drill PEP 16 is being drilled to a length of approx 150m. Lets see if that is mineralised all the way.

[74tom] 11/12/2024 09:56

The 3d video is very useful as it helps estimate potential resource size.

At 45 seconds you get a clean cross section of the width of the hill they are drilling into - it's ~120m

Depth wise the holes are ending at around 60m vertical, although PEP001 does go deeper, so let's be generous and say 80m average

At 1.05 we can then see the length of the strike is still very narrow at no more than 60m, which is being generous.

120*60*80 = 576000 metres cubed of rock / soil.

1 metre cubed of rock is usually ~2.5t in weight, whereas soil is 1.5t, so lets assume this average 2t

So we have 1,152,000t of run of mine material

Let's assume it contains 4g/t of gold - PEP001 was 3g/t whereas the more recent holes have been somewhat higher. It makes sense to be prudent

That assumption means there are 4.032m grams of gold

You then need to divide that by 28.35 to get the contained ounces, which comes to 162,500

So it's still a tiddler right now.

The strike either needs to extend a long way to the left of the image at 1.05 or extend a lot deeper than the last couple of holes have.

Well done to those who've made money, but I can understand the warrants being exercised to book some profit...

Obviously the above could be completely wrong so do your own research

[someuwin] 11/12/2024 09:12

Buyers moving in

[overdale123] 11/12/2024 08:55

Nah. Urge has passed. Just wait for next, expected, good news.

[blingbling123] 11/12/2024 08:43

Just checked. There are a further 31m placing shares in total which could hit the market

[freefall3] 11/12/2024 08:37

When the share price gets overcooked in Brad terms he always likes to put a lid on it and bring it back down to where it belongs. I think today's X post was to do exactly that and it looks like it is starting to work.

[hazl] 11/12/2024 08:37

I also believe that ZAC's share price prediction for next month could well hold.


We just need further clarity, on this exciting find.

[hazl] 11/12/2024 08:35

Personally I think the staff deserve financial reward.
We knew the warrants were there.
The reward for us is a share price 2 or 3x what it was and gold finds exceeding many others recently as far as I know.
Look at ECR's for example.
Though I have a few, they pale in comparison, to my mind.


IMO

[hazl] 11/12/2024 08:31

We have had a wonderful run.


But more news is expected.
Nothing can change the fact that we had some 'exceptional' results.
The total package does matter and I await with interest.

[hazl] 11/12/2024 08:28

I am afraid that no one takes you seriously since you laid into this share bb furiously trying to destabilise it.... before you bought in bling!

[blingbling123] 11/12/2024 08:25

Hazl, temper your enthusiasm with the realities of the market. There is a good 20m+ further warrants to be issued. The market will be able to absorb it if the drill results continue to be good

[hazl] 11/12/2024 08:18

I think this previous tweet is where we are at.
Trying to understand where we are at and what exactly is there.

'Exceptional drill results like this don't come along often - so please excuse if we enjoy the moment. But tomorrow it's back to work. Clearly this result shows there is something at Pepas, the question is what and how big? Hole PEP016, starting today, is the first of the "how big" holes. We have now in effect moved into the definition phase.'

9TH December.

[overdale123] 11/12/2024 08:13

Will keep a very close eye here today. I am wondering if I might change my consolidation stance if there is an opportunity to top up. Hmmm?

[hazl] 11/12/2024 08:10

The explanatory video has now surpassed the number of their last.
Even more views on the tweet including it on X of course.

[hazl] 11/12/2024 08:04

People pay their money and take their choice.


I am excited by the possibilities.

[overdale123] 11/12/2024 08:04

Probably a pull back today. Markets tend not to like issues. Hopefully next proper and expected good news will be here soon. Gla.

[hazl] 11/12/2024 08:02

Freefool trying to put a spin on this.

I think they are being very wise.


'Picture slowly beginning to emerge. But now as we start to step out, we will no doubt begin to discovery complexities. But that's why we are going slow and taking small steps.'

X.


Seems pretty fast to me!

[overdale123] 11/12/2024 08:01

Thanks. Good to see you and Rivaldo back ;-)

[tidy 2] 11/12/2024 07:59

There is no sound on it thats why. 3d vid of apta drill holes. Nothing new.

[overdale123] 11/12/2024 07:48

Strange. Don't get sound on the vid. Would you be able to please give me a brief summary. Also FF if your here, what is your usual negative interpretation. No offence intended ;-)

[saint in exile] 11/12/2024 07:44

Is it that the next drill is not so good?

[freefall3] 11/12/2024 07:28

A nice little cryptic message in Brad's X post this morning I wonder how many will pick up on it !

[hazl] 11/12/2024 07:12

A fair few viewed the you tube already above...compared to the last video it is catching up fast.
Shows extent of interest since these results.

[hazl] 11/12/2024 07:09

London, 11 December, 2024, Orosur Mining Inc. ("Orosur" or "the Company") (AIM/TSXV: OMI), a minerals explorer and developer with projects in Colombia, Argentina and Nigeria, advises that, following an exercise of warrants at an exercise price of US$0.0494 (approximately 3.697p) each, the Company has issued 899,280 new common shares of no par value each ("Common Shares") for a total consideration of US$44,424.


Correct abc.

Application has been made for the 899,280 Common Shares, which rank pari passu with the existing Common Shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will occur at 8:00am UK time on or around 16 December 2024.



Following Admission, the Company's new issued share capital will comprise 236,519,703 Common Shares. When calculating voting rights, shareholders should use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

[hazl] 11/12/2024 06:54

The latest! 2 hours ago.