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OM GOLD RESERVES:
Location Tonnage Grade
(Metric tons) (GPT/Au)
1. Fairy-Masbate7,378,035 1.75
2. Masbate 2 121,908 2.85
3. Amor 4 893,634 2.84
4. Amor-Porvenir 104,305 2.84
5. Amor 1 & 2 222,573 5.38
6. Amor 3 147,924 3.86
7. Bessy 51,339 2.55
Total/Average 8,919,718 2.02
Positive 1,901,025 1.92
Probable 1,069,903 2.26
Possible 617,592 2.28
Potential 5,331,198 1.95
Total/Average 8,919,718 2.02
"Ore reserves of such tonnages and grade are substantial enough to warrant commercial production.
Source: 1996 Annual Report Omico Corporation
My dear traders,
The above represent only 10 locations. There are 119 mining claims covering 837 hectares of property. Auditors will not allow such data in the annual report unless certified by a licensed geologist.
The MPSA which should have taken only 4 1/2-7 months of processing is now in its 8th month. It should be released soon.
For the brave ones, I am reiterating a STRONG SPECULATIVE BUY on OM.
For the conservative, impatient & faint of heart, GO SELL in the next rally.
Short term gains possible for tsupiteros, long term gains for investors highly likely if you have the patience to wait until production.
Trade exceptionally well!
Redwarrior888
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