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Omineca Mining and Metals Ltd V.OMM

Alternate Symbol(s):  OMMSF

Omineca Mining and Metals Ltd. is a Canada-based junior resource company. The Company's flagship Wingdam gold exploration and placer recovery project is located along the Barkerville Highway 45 kilometers (kms) east of the City of Quesnel. The Wingdam Property includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear kms of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. It has exploration and evaluation properties into two geographical locations: British Columbia and the Yukon. In British Columbia, its properties include Abo, Fraser Canyon, Mouse Mountain and Wingdam. In Yukon, its property is Kiwi. The Fraser Canyon consists of around 2,221 hectares of placer claims and leases and 1,221 hectares of mineral claims. It has around 50% interest in the Mouse Mountain project.


TSXV:OMM - Post by User

Post by currency24on Nov 16, 2012 9:32am
337 Views
Post# 20608898

MGMT/Board Should REJECT CVG

MGMT/Board Should REJECT CVG

ITs been some time and still no public answers? on the CVG due dilegence. But, OMM MGMT, who is High Quality and the Board, without Tom MacNeill and Andrew Davidson participation , should reject the CVG deal.

Based on what I know and have been told by those who know this property, it is difficult property, Higher Risk and it appears to be a Premium Price OMM is paying, as well as having Tom and Andrew on the board, in my opinion there are better people out there to be on the Board than Tom MacNeill and Andrew Davidson.

OMM should utilize its cash, resources and knowledge to seek better properties in this MKT, there are quality properties out there that need $$$ and a good MGMT Team to develop and less risk than CVG and at a better price.

TIM - REJECT CVG Deal. Use your HEAD not relationships. CVG is just too expensive and HIGHER RISK.

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