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TICKERS: OMM; OMMSF

Gold Co. on Verge of Production, Potential ROI High
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The new mining project in British Columbia's historical Cariboo Mining District is expected to come online imminently, noted a Research Capital Corp. report.

Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) is expected to announce "in the coming weeks/months," it has recovered its first placer gold at the Wingdam underground project, and this event could catalyze the company's share price, reported Research Capital Corp. analyst Bill Newman in a March 3 research note.

Potential Gains Compelling

Currently, Omineca's stock is a Speculative Buy and trading at about CA$0.16 per share. Research Capital's price target on it is multiples higher, at CA$0.75 per share. This price gap implies a significant, or 369%, return for investors.

Paleochannel Nearly Ready

Newman reported the expectation of near-term production comes on the heels of Omineca announcing the paleochannel was entered successfully by Hamilton Gold Royalties, its joint venture partner, and Fortis Mining Engineering and Manufacturing, the mining contractor.

"The company observed visible placer gold upon entering the paleochannel in bedrock faults and the nearside extremity of the paleochannel gravels which have been stockpiled and will be processed through the wash plant shortly," wrote Newman.

Now, Fortis is making another crosscut through the bedrock about 20 meters downstream, parallel to the paleochannel, Newman added. This is so gravel may be excavated, going forward, from more than one location.


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Disclosures:

1) Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Omineca Mining and Metals Ltd. Click here for important disclosures about sponsor fees. 

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

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Disclosures for Research Capital Corp., Omineca Mining and Metals Ltd.,  March 3, 2023

Analyst Certification: I, Bill Newman, CFA, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. Research Capital Corporation publishes research and investment recommendations for the use of its clients. Information regarding our categories of recommendations, quarterly summaries of the percentage of our recommendations which fall into each category and our policies regarding the release of our research reports is available at www.researchcapital.com or may be requested by contacting the analyst. Each analyst of Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst’s personal views and (ii) no part of the research analyst’s compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report.

Relevant Disclosures Applicable to Companies Under Coverage: Relevant disclosures required under IIROC Rule 3400 applicable to companies under coverage discussed in this research report are available on our website at www.researchcapital.ca

General Disclosures:The opinions, estimates and projections contained in all Research Reports published by Research Capital Corporation ("RCC") are those of RCC as of the date of publication and are subject to change without notice. RCC makes every effort to ensure that the contents have been compiled or derived from sources believed to be reliable and that contain information and opinions that are accurate and complete; RCC makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions which may be contained therein and accepts no liability whatsoever for any loss arising from any use of or reliance on its Research Reports or its contents. Information may be available to RCC that is not contained therein. Research Reports disseminated by RCC are not a solicitation to buy or sell. All securities not available in all jurisdictions. 

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The information contained in this report has been drawn from sources believed to be reliable but its accuracy or completeness is not guaranteed, nor in providing it does Research Capital Corporation assume any responsibility or liability. Research Capital Corporation, its directors, officers and other employees may, from time to time, have positions in the securities mentioned herein. Contents of this report cannot be reproduced in whole or in part without the express permission of Research Capital Corporation. US Institutional Clients – Research Capital USA Inc., a wholly owned subsidiary of Research Capital Corporation, accepts responsibility for the contents of this report subject to the terms and limitations set out above. US firms or institutions receiving this report should effect transactions in securities discussed in the report through Research Capital USA Inc., a Broker – Dealer registered with the Financial Industry Regulatory Authority (FINRA).





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