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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Omai Gold Mines Corp > Reunion Gold ( RGD ) switch out to OMAI ( OMG ) value trade

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Post by Runandcoke on Dec 20, 2023 9:45am

Reunion Gold ( RGD ) switch out to OMAI ( OMG ) value trade

Switch RGD to OMG ?

so a buddy is switching out of RGD ( 477 MM Market Cap ) to OMG ( 23 MM Market Cap )

same jurisdiction and roughly the same stage of development ( drilled out / PEA pending / Inital resource calculated ) but I think RGD is bigger and better grades ? THOUGHTS PLEASE

Reunion Gold Corporation is a leading gold explorer and developer in the Guiana Shield, South America. In early 2021, the Company announced an exciting new greenfield gold discovery at the Kairuni zone on its Oko West project in Guyana, and in June 2023, the Company announced an initial Mineral Resource Estimate containing 2.475 Moz of gold in Indicated resources grading 1.84 g/t Au and 1.762 Moz of gold in Inferred resources grading at 2.02 g/t (see NI 43-101 Technical Report Oko West Gold Project dated effective June 1, 2023

Omai Gold Mines Corp. 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 Company announced an updated NI 43-101 Mineral Resource Estimate ("MRE") October 20, 2022 that includes 1.9 million ounces of gold (indicated) and 1.8 million ounces (inferred)1. Once South America's largest producing gold mine

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Comment by purebulls on Dec 20, 2023 1:22pm

Your buddy is smart! Bigger gains could be made here. OMG!!! All the way. Even if it's half as good, the SP could 8X from here. I predict even higher.

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Comment by Fredo51545 on Dec 22, 2023 7:35pm

I don't see much difference in grade. But, OMG is out of cash and the dilution for a decent size raise would be horrendous, even if its a flow through deal. I made a TINY buy just to watch. Also own a bit of Reunion. I was a big HES owner so I like Guyana as a jurisdiction.

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Comment by Runandcoke on Dec 26, 2023 8:41pm

yes they run through money pretty quick and dont have alot around i am sure the minute it gets in the teens or near 20 they will try to raise

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Comment by cassius15 on Jan 07, 2024 7:57pm

Watch this presentation by Elaine who is super qualified to be CEO. https://www.youtube.com/watch?v=KfeNnP6MZm8&t=1128s She says the goal to to sell the mine rather than dilute the float.

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