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for such a rare deal for a rare find, which should turn out to be world class
the price makes a mockery of the Newmont deal
but as we know, AIM shares can overcook in both directions in the blink of an eye
lets see where we go from this level
i still see a sharp rise soon
while you glue your hair back on...
SOLG has multiplied its shares by 4 since it started Cascabel because it had to , yes, fund it, mainly from the market
OMI has Newmont deal to fund costs going forward
That is my point, its quite clear
my bad got my story mixed up
but it does demonstrated how a shareprice can fly up on the "prospect" of gold
Just remember though, SOLG, since it started Cascabel has diluted shareholders 4 FOLD
OMI has an anti dilution forward financing plan already in place
Not to mention the lower depth of much higher grades than SOLG
up to 219 g/t !!
many intervals from 50 g/t to 219 g/t
When the equivalent rns came out for SOLG, very early on, the sp shot from 6p to 84p in 2 days!
OMI already has these sensational multiple finds under its belt
SOLGs drill hole 10
Assay results received from drill hole CSD-15-010 ("Hole 10") confirm high grade copper and gold mineralisation extends to the northwest, returning 156m @ 0.63 % Cu, and 0.74 g/t Au from 684m depth and remains open at depth.
And a small portion of ANZA fro 2017
Based on this information, a geological estimate of an exploratory gold potential of a portion of the APTA has been prepared with the assistance of Mine Development Associates (“MDA”) of Reno, Nevada. The resulting potential ranges between 1.6 M - 2.3 M tonnes averaging between 3.2 - 3.7g/t Au. This estimate is based on current drilling and is expected to grow as future exploration drilling is conducted.
a small sample of SOLGS drills...this was drill 13 area
Final assay results from CSD-15-013 ("Hole 13") return 480m @ 0.46 % copper and 0.22 g/t gold, including 206m @ 0.61 % copper and 0.30 g/t gold. Hole 13 tested the northwest extremity of the Alpala trend, intersecting inner propyllitic margins of the copper-gold porphyry at Alpala Northwest, which points to higher grades within the as yet untested potassic altered core.
Now look at OMIs grades!!
And for sure go look at all the data early on for SOLG and cross reference it to OMI
OMI is in a much much better position
When SOLG was at a much earlier stage at Cascabel, with much less infrastructure and much more cost and cash raising to do in its future, the mcap soared 10-20 times what OMI stands right now
The political situation and licence is also a lot better than what SOLG was
$30m+ of work paid for
Tech world leading
Any future placement participation
Full focus ANZA
Grades stunning
Cash in the coffers
Derisked financially going forward for as many years as OMI doesnt get taken over
Doesnt get much better than this
Taking a big lump in the ISA today
:)
pump and dump?
do you know how big Newmont is?
do you realise the significance of this deal for short - long term future?
remember this was comfy in the 16-22p range with brokers above 36p per share
BEFORE Newmont negotiations started!
itll be way higher than 1m oz IMO...grades are too good, area too large and abundant
you only have to look at the neighbours resources and cross reference them with OMIs already finds and you can see where the resource is going