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 > Interest Post by another Investor

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Post by trooper22 on Feb 11, 2024 11:10am

Interest Post by another Investor

Here is a post I found yesterday by another investor. I have to agree with his post.

"I’ll have to go back but I believe Elaine said 85% of the 2.43 million ozs in the open pit are above 350m so that’s 2.06 oz million above 350m at about 1.8g/t recoveries were historically 92%. Net per ton after recoveries at $2000 gold = $110/ton - $20 mining cost = margin of $90/ton that is extremely healthy prior to milling…. She also said the current pea would look at a 12-14yr mine life so only using the ozs currently above 350m vertical depth that’s about 160k ozs per years … (190k ozs per year on 2.43 million ozs) this should be a very robust PEA.… must be contemplating 8000-10000t/d mill"

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