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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 trooper22on Dec 17, 2024 5:38pm
54 Views
Post# 36367090

RE:Based on projected reserve

RE:Based on projected reserveWe need to wait until the new mineral resource update and projected PEA.  Once we have that information it will be much easier to estimate a $ value per share buyout.  It will depend on the price of gold, grades, updated info on Gilt Creek (2 drill holes, mine plan, under ground mining approach, gold process recovery).  We know the recover rate for Wenot so I would suspect it will be similar.  With gold hovering around the $2,600-2,700 range I would think with Wenot and Gilt Creek together the potential for a Tier 1 mine between 5 - 6 million ones is probably likely.  With an after tax NPV 5% of probably over 1 billion dollars I would think we should be north of $1/ share.  On one of the other chat sites and estimate of around $1.60 a share was estimated.  But saying this it is all speculation right at the moment until we get more information.
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