Bullboard - Stock Discussion Forum Omai Gold Mines Corp V.OMG

Alternate Symbol(s): OMGGF

Metals & Mining Gold

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... see more

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TSXV:OMG - Post Discussion

Omai Gold Mines Corp > Trading Halt

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Post by Brucemoose on Jan 04, 2022 9:55am

Trading Halt

Good news or REALLY GOOD news.

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Comment by trooper22 on Jan 04, 2022 12:14pm

News is definately good. But we have to realize that the resource estimate for wennot is still open at depth and strike so the resource estimate will only grow. Omai now has the rights to the property adjacent to the east and you can bet your bottom dollar that they did not pick up that property because there was nothing there!! When they start drilling the eastern flats it will ...more

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Comment by Newmetals on Jan 04, 2022 1:32pm

It's a good resource. A couple of questions as considering buying back in. Anyone know what the impact if it goes back into mining on the River to the south. Will NGOs make a stink. Didn't realize it was that close to the pit. Also what is the strip ratio for the pit I don't see it in the release. On eastern flats it looks like they acquired and ...more

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Comment by LatinAuAg on Jan 04, 2022 4:42pm

Hello all, got in this stock on the advise of a friend when the new management took over this year. What are everyones thought about the grade of the resource? I was hoping for higher grades but happy to see this many ounces. As cash strapped as they are, going to burn a lot of money to hit these narrow structures. Will these narrow structures be mineable? I will be anxious to see the ...more

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Comment by Tickel1st on Jan 04, 2022 5:18pm

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Comment by Newmetals on Jan 04, 2022 6:36pm

Of course grade is a factor for open pit. If the strip ratio is low at say 1:1 than the grade is doable when considering the cost of oil to run the mine as there is no electricity. If the strip ratio is say 10:1 than the grade may not work. They need to provide the waste to ore ratio. Gold was at $400 when it closed but oil was also at $20. the strip ratio is ...more

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Comment by Ozark1 on Jan 05, 2022 2:38pm

Grades of 1.31 Indicated and 1.5 Inferred are Excellent. Inferred suggest grades improve at depth.. Similar grades were mined by Cambior profitably from Wenot when gold is was sold for sub $400. Even factoring inflation, 1800 gold will provide high profit margin. Most open pit operations mine gold below 1 g/ton. Wenot will need to be ...more

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Omai Gold Mines Corp