PROJECT BIZ MODEL BROKEN ???FINANCING AVOID/SELLThe OMM/CVG Project sounds good, if you listen to the usual suspects/promoters and large shareholder but, the PROJECT BIZ MODEL/FINANCES don't work, the funds are not there to bring this project to production,in my humble opinion, what are the true economics and IR/ROI based on a declining Gold price and the lack of REAL FUNDS for this project.
OMM is a broken and failed model, my opinion based on the financial mkts??
Why invest in a project that has a ?? future, plenty of projects, advanced stage for sale which better Economics and Resources and plenty of producing mines for sale, the BIG GUYS are off loading and restructuring and are also trying to raise funds.
Many financings are going unfilled.
In my humble opinion, OMM is a AVOID/SELL if you can, due to the state of the Financial MKTS/Ability to raise funds??? they need to raise more than $10 mil plus, that is based on a estimatyefrom a few years ago.Also, based on reports in the public.