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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

Post by trooper22on Dec 24, 2023 2:23pm
154 Views
Post# 35799812

Financing

FinancingFinancing is an issue for all junior mining companies, but we seem to have investors who know the value of Omai and continue to invest long term.  Omai is sitting in a better position than many juniors.  With a new mineral resources estimate and a PEA coming out in the new year, I am pretty sure the financing will be less of a dilution this time.  I am cautiously predicting that the mining sector will see a bit of a boost.  For the last 3 years there has been little to no interest, but with interest rates potentially dropping, investors will be looking for potential growth companies to sink their dollars into.  With what is at the Omai project and the increasing interest, I really think we are going to see our share price drastically increase.  There are so many positives for Omai for speculative and seasoned investors.  
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