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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 Feb 12, 2013 9:14am
165 Views
Post# 20973372

$10 Mil Plus Financing/Gold Sales FAILURE

$10 Mil Plus Financing/Gold Sales FAILURE

The $10 Mil Plus financing Tim discussed in his interview, shall fail, that is a given. Tom MacNeill/FNR failed a number of times trying to find a JV partner or sell out right CVG ( Tom threw a figure out of $50 Mil or so, Tom if I am in correct please correct me), NO TAKERS, No Companies and European Investors did not bite in 2012. The money and investors are not there. The question if there is enough proven Gold to sell forward???? Another Brillant / Genuis Thought by Tim??? when every Gold company is running from the sell forwards, but Tim would be in Good Company Ashanti is the classic Sell forward production? Perhaps a Royality? No the Royality companies need a lot of data and proof.

OMM/Tim/Tom shall FAIL in getting what they need, in my humble opinion. BEWARE/CAUTION

PS - Financing - if they were lucky over 100 mil shares would have to be issued??????????in my humble opinion

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