Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.ĥ) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. 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. This article is not a solicitation for investment. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.Ĥ) The article does not constitute investment advice. Click here for important disclosures about sponsor fees.ģ) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. She or members of her household are paid by the following companies mentioned in this article: None.Ģ) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Omineca Mining and Metals Ltd. She or members of her household own securities of the following companies mentioned in the article: None. Research Capital rates Omineca Speculative Buy.ġ) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. Newman noted that Omineca's partner on the project, Lightning Creek Mining, is responsible for any additional cost to stabilize the mine, given Omineca's costs are fixed at CA$850 per produced gold ounce. Once the mining services firm completes this area, it will "advance into the pay zone, feed the pay gravel to the wash plant, and continue across the channel." So far, relayed Newman, Fortis has moved several meters into Wingdam's paleochannel and is using grout, steel sets, and cement to reinforce the bedrock there to prevent the expected inflow of water. "In the coming months, we expect Omineca to report the recovery of placer gold, which we believe could be a major catalyst for the stock," Newman wrote. This difference implies a significant potential return for Omineca investors. The Canadian resource company's stock is currently trading at about CA$0.10 per share, and Research Capital's target price is more than seven times that, at CA$0.75 per share. Once this and reconfiguration of the wash plant is done, gold production, after having been delayed, should commence. analyst Bill Newman in a Septemresearch note. report.Īt Omineca Mining and Metals Ltd.'s (OMM:TSX.V OMMSF:OTCMKTS) Wingdam project in British Columbia, recently engaged Fortis Mining Engineering and Manufacturing is helping stabilize the bedrock/paleochannel interface in the mine, reported Research Capital Corp. Octo( Newswire) Placer gold recovery at this project is expected to start in the coming months after mine stabilization is completed, noted a Research Capital Corp.
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