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ORACLE MINING CORP V.OMN

"Oracle Mining Corp is engaged in the acquisition, exploration and development of mineral resource projects. The Company owns the Oracle Ridge copper project."


TSXV:OMN - Post by User

Post by vanillainvestingon Apr 26, 2012 5:10pm
306 Views
Post# 19841105

$10 million more to raise

$10 million more to raise

The company still has at minimum $10MM to raise. Management has the experience to raise the final chunk - my gut says they will try and raise more. Not too many analysts covering them so its bodes well for us. 

My estimation is that this project is at least worth $100MM given the capital investment that needs to be done and given its high grade copper - refiners will be more than happy to pick it up for a premium price. So the revenue dollars earned will be able to beat analyst model prices. Which is never a bad thing.

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