Post by
trooper22 on Apr 04, 2024 5:30pm
Atrium Research Puts a new buy rating at .40
Omai announced its initial PEA on the Wenot Open Pit, reporting a highly profitable, low capex project, with substantial upside. • The PEA reported a low AISC of US$1,009/oz, IRR of 19.8%, and an after-tax NPV5% of US$556M (at US$1,950/oz Au). • The average annual production is expected to be 142Koz over a 13- year mine life, mining an average grade of 1.51 g/t Au at 92.5% recovery. • We are increasing our target price from $0.30/share to $0.40/shar