TSXV:OMGMetals and Mining
Is Omai’s Ambitious Guyana PEA Reshaping The Investment Case For Omai Gold Mines (TSXV:OMG)?
Omai Gold Mines Corp. recently reported positive results from a Preliminary Economic Assessment for its 100%-owned Omai Property in Guyana, outlining average annual production of 351,488 ounces of gold over an 18-year mine life, an after-tax net present value of US$4.00 billion to US$5.50 billion at gold prices of US$3,600 to US$4,200 per ounce, and an initial capital cost of US$1.43 billion plus US$928 million in sustaining and growth capital.
A key insight from the assessment is that the...