Omineca Mining and Metals Ltd V.OMM

Alternate Symbol(s): OMMSF

Metals & Mining Gold

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.

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Omineca Mining and Metals Ltd

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Post by porc2019on Oct 26, 2020 2:17pm

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Post# 31782450

Project a bust due to lack of financing?

1) Underground a bust imo = no cashflow to finance exploration

2) PP a bust since share price much lower than PP price already.

3) Announcing PP is a bust at previously announced price= share price dumps even more.

You cant finance this project @0.15 cad realistically. And thats the price it will drop to if above is true. You can try but it will dilute away current shareholders.

= BUST

Careful. Bid already at 0.31 cad and going lower.

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