Two Reasons Why Gold's Record Rise Could Make This Co. Really Soar
Chris Temple of The National Investor shares an interview he conducted with Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) and explains why he thinks it could be a big winner.
As many of you know, I have long believed that little Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) would become the third big winner for our readers thanks to the MacNeill family of Saskatchewan.
Many years back, as I recap in the introduction of THIS NEW VIDEO with OMM's CEO Tom MacNeill, his late father Bill brought us the Seabee Mine in northern Saskatchewan. Much more spectacularly, Tom's brother Ken back when produced about a 60-bagger for us in his huge diamond discovery.
But whereas it looked like Omineca a few years back was set to be a big winner also (and for a while it was) myriad challenges and road blocks kept postponing the realization of pay dirt.
Until it increasingly appears now.
In OUR DISCUSSION, Tom and I go over the tantalizing history of British Columbia's famed, gold-rich Cariboo region generally and the Barkerville and Wingdam trends specifically.
I urge you to dive into this, as OMM shares if all continues to go well in this last home stretch could well replicate what we enjoyed years back with the former Shore Gold of brother Ken, where we originally got in at around the Canadian 10 cents/share area and were selling in the CA$5.00 - CA$7.00 area a few years later!
BOTH parts of Omineca's potentially EXPLOSIVE story are represented in the above photo of gold pulled in one sample a dozen years ago.
As you listen to Tom, you'll get a sense for, first, the (relatively speaking) low-hanging fruit in "Part 1" of Omineca's story: what finally looks to be the imminent and ongoing recovery of meaningful amounts of buried placer gold at Wingdam.
With gold continuing to set new record prices almost by the week, the cash register could start ringing loudly within mere weeks!
The simmering "Part 2" of Omineca's story which could potentially dwarf the other is as the company has been seeking to find one or more of the sources for placer gold in this area.
Next door to the east is the multi-million-ounce gold resource at Barkerville, now owned by Osisko. As Tom describes, it may be Omineca's turn for a similar discovery one of these days.
The case and opportunity are compelling, especially given that Omineca (like most smaller junior gold explorers) has yet to respond to the rise in the gold price.
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Important Disclosures:
Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Omineca Mining and Metals Ltd.Chris Temple: I, or members of my immediate household or family, own securities of: Omineca Mining and Metals Ltd. My company has a financial relationship with Omineca Mining and Metals Ltd. I determined which companies would be included in this article based on my research and understanding of the sector.Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.
Additional disclosure: Omineca Mining & Metals, Ltd. ("OMM") has not paid for the recommendation of the company by either Chris Temple or National Investor Publishing; said recommendation was previously made to paid Members/subscribers to The National Investor prior to the preparation and publishing of this stand-alone Report/video. As of October, 2024 OMM has contracted to pay National Investor Publishing a set, one-time fee for editorial, research, copy-writing and related services in preparing written and video reports on the company and for their distribution.
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