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Omai Gold Mines Corp V.OMG

Alternate Symbol(s):  OMGGF

Omai Gold Mines Corp. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration, evaluation and development of mineral properties. It holds a 100% interest in the Omai prospecting license that includes the past producing Omai Gold Mine in Guyana, and a 100% interest in the adjoining Eastern Flats Mining Permits. The Omai property is located within the prolific Guiana greenstone belt in Guyana, located on the north coast of South America. The Omai property consists of one 4,590-acre prospecting license granted directly from the government and held 100% by Omai Gold’s wholly owned subsidiary Avalon Gold Exploration Inc. (Guyana), and two Mining permits for medium scale operations totaling 1,519 acres are held 100% via a commercial contractual agreement with a Guyanese company.


TSXV:OMG - Post by User

Comment by Newmetalson Jan 13, 2022 1:33pm
58 Views
Post# 34313589

RE:RE:Wenot resource

RE:RE:Wenot resource Was told have to wait for the filing of the technical report.  I agree lots of potential on the property.  However it's going to cost a lot of money for a discovery and  to build a resource on that discovery.  That is what I am worried about as the share price won't go anywhere and maybe lower with more financings and without Silvercorp backing as the current Wenot resource is not going to provide a base of support if it's not economic and Fennell is very very deep and expensive drilling.  Will wait and see what they report next week for my investment decision.   Stock needs to be over 20 cents before they finance again or this will be endless dilution and last money in makes the money not the current supporters. 
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