A golden future for OMM. 173.5 ounces of gold were obtained from 2.4 m across the gold- bearing channel. (Numbers are from OMM website):
https://www.ominecamining.com/
If this grade is maintained over the 2400m length of the channel, then 1000 x 173.5 = 173,500 oz of gold are there to be placer-mined in place (no transportation, chemicals, tailings ponds and such).
At $C2372 per oz, the potential value of Wingdam gold today is $C2372 x 173,500 = $C411,542,000
The projected mining costs are unknown but the following publication suggests that “all in sustaining cash costs” could be as high as $US1000 ($CDN 1346) per ounce.
https://www.visualcapitalist.com/what-is-the-cost-of-mining-gold/
Wingdam’s cost would total 173,500 x $1346 = $C233,531,000. OMM’s net return would be: $C411,542,000 - 233,531,000 = $C178,011,000
With 100 million shares outstanding, this computes to an OMM share value of $C 1.78 per share from the existing Wingdam gold channel - as its parameters are currently defined.
“The abundance and physical nature of the placer gold recovered in the bulk-sample… indicates that it is in part, locally derived. Little or no systematic exploration work has been carried out on the property to test for the occurrence of lode gold, leaving excellent potential for the exploration and possible discovery of in-situ (hard-rock) gold mineralization in addition to the presence of a proven placer deposit.” (OMM Technical Report, Aug 24, 2016)