Omai Gold Mines Corp V.OMG

Critical Investor article on Omai Gold Mines

[trooper22]

Interesting article put out by Critical Investor

https://criticalinvestor.eu/omai-gold-mines-finds-increasing-grades-at-depth-intercepts-7-9m-12-7g-t-au-at-wenot/

[ahkow42]

This post has been removed in accordance with Community Policy

[checkmate28]

With a market cap of just C$18.89M, the 3.7Moz Au of Omai result in a EV/oz ratio of only 4.56, which is extremely low, and the expected slight increase of the resource will lower this ratio even more. In comparison, fellow Guyana developers Reunion Gold (4.24Moz @ 1.91g/t Au, EV/oz 121), G2 Goldfields (1.2Moz @ 9.1g/t Au, EV/oz 107) and taken over GoldX with the Toroparu deposit (7.4Moz @ 0.91g/t