Report

OMG: Highly Economic PEA on the Wenot Open Pit

What you need to know:
• 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/share.

This morning, Omai Gold Mines Corp. (OMG:TSXV, OMGGF:OTC) announced its first Preliminary Economic Assessment (PEA) for the Wenot Open Pit Project (
Underlying
OMAI GOLD MINES CORP

Provider
Atrium Research Corporation
Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists. 

Analysts
Ben Pirie

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