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 Nov 12, 2020 7:28pm

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Post# 31892163

AFTER upsized PP out today 153M shares out, 60M Marketcap

Where is the upside at this kind of MC? Dilution hell imo.

130 million fully dilluted before this PP (check Nov. presentation)
+
23 million shares fully diluted due to PP (if my math checks out)

= 153 million share out, 60 Million MC (about)

Where is the upside.

Needs to go lower from here.

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