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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 Jan 02, 2017 2:22pm
132 Views
Post# 25659407

ZOMBIE ILLIQUID STOCK PROJECT ZERO FUTURE

ZOMBIE ILLIQUID STOCK PROJECT ZERO FUTUREOMM remains a ZOMBIE stock like many other juniors and mid size resource stocks, that is truly ILLIQUID, except when certain traders try to suck in the unsuspecting buyers to sell to or create a story??????????????? refer to last years news and regulators stepping in to force the major correction in the news ( BC securities)

This is a very small property, with NO 43101 and the need for a large cash infusion/investment to move this small project forward, at one time MGMT had stated a few years ago it would take a minimum of $10 mil, now that the $CAD has dropped would expect it would need $15 mil.

AVOID this ILLIQUID STOCK it will go NO BID along with many other resource stocks.

All the above in my humble opinion and based on SEDAR, BC Securities, news, press releases, financials, MKTS, companies own comments or so called tech reports and etc.
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