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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 Mar 22, 2014 8:07am
180 Views
Post# 22355259

GOING NOWHERE DEAD $$$ INVESTMENT - SELL IF YOU CAN

GOING NOWHERE DEAD $$$ INVESTMENT - SELL IF YOU CANThis project is going nowhere due to its size, lack of funds to develop, lack of FINANCING from the MKTS and even private sources. OMM needs in excess of $10 mil, that was the comments made by Tim t some time ago, which means they need to be revised most likely you will find the economics have changed with the drop in Gold and the costs have increased.

FNR/Tom M tried sellig OMM/CVG before forming OMM - NO BuyerS he tried hard both in north America and Europe.

There are a number of good properties for sale as well as producing properties on the MKT, from uniors, mid size and Seniors.

OMM - SELL if You Can - take the $$$ and put it away and wait for a real buying opportunity in high quality assets 

All the above in my humble opinion and based on Comments made by Tim and Tom in discussions in public forums and published reports.

PS - I am a noted Bear on OMMM
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