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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 Apr 04, 2024 1:16pm
68 Views
Post# 35970760

From another poster

From another posterThe PEA has accomplished what it was intended to do, create a starting point for understanding and evaluation. It does not include all the resource but nails down the sunk cost of the infrastructure, processing cost which importantly will serve both deposits and mining cost per ton O/P. The AISC is extremely positive and likely driven lower by the drilling that fills in the gaps in the pit shell and high grade along strike not included thus far in the early years further increasing IRR and payback, the cashflow illustrated even at this stage shows that the development of the Gilt Creek Deposit will be funded internally and (mill already built and paid for so the capital need is just for the ramp into the big blob of ore +1.8 million ozs at +3g/t, long hole stoping, bulk underground method, very low cost) will actually increase production in years 5 and beyond as you run double the grade stated here, blended you will likely get 2.5g/t head grade increasing to end of mine life as pit is exhausted... giving this a +20yr mine life as-is today. Great starting point. Lots of interested parties who understand the above.
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