Omai Gold Mines (TSXV:OMG) - 8Moz Gold Project Advancing Rapidly [25:12-30:14]

are worked out right okay so okay so there's a lot of work going on on the map there's the stark data there's some new task work i mean is it just decided to be say gruesome data but is is the other recovery so far that you've seen or there are where is it consistent across all lethologies i mean we're just certain zones just underperform so far everything everything seems everything is good and and you're right so one you know we wanted to make sure we did a thorough job because um on the guilt deposit it's vertical and so when it gets deeper does it change did it get harder uh are there something is there something else in it to make it you know so you have to answer all those questions out would not they were very selective and mining historically so we most the bulk of the samples are from would not i think it's 60 i think 60 or from would not 13 or from guilt and 16 from would not because you know we we have a resource there from 0 to 500 meters depth and 2.5 kilometers along strike so you want to take it from different rock types higher grade lower grade shallower deeper and so that's what those other um 60 samples are so okay and the indications at this point that any are problematic okay okay fine so you are looking at with that then yep there's every cell phones and all that sort of goes so okay we can come back to that once once you get done the work and want to you know come back to the table on this one so so just so me just like i guess the big the question is so right right now you know the market's valuing you quite well quite well so the expectation is great um can you give us a sense of that sort of timeline on how this thing i know you want to do things the right way but what's that looked like in in time um i think it kind of comes together at the same time so the PEA is you know probably two to three months out uh remember we have two different deposits so you know it's not like there's just one open pit there's an open pit and another deposit for another two and a half million ounces nice problem to have but it means two engineered projects we have been looking at you know with the new increased size of the deposit we always end up getting surprised or maybe it's just that we keep our expectations under control so that we always have these quiet yahoo moments so now with it at at this level at eight million ounces we probably when we do the PA we're going to uh ratchet up the size of the plant and so we don't know what size uh the engineers are going to look at but you know we kind of look starting at 12 we started at 9 12 15 and then we were like 12 15 18 and so i'll probably look at the 15 18 20 because it's bigger so you know how do you optimize the economics of mining this so so that's one thing that we're looking at and when this comes out um like we it doesn't aim we're stopping so the drilling we're doing now and a lot of the work we're doing is actually aiming towards the feasibility study right so so two to three months for the PEA um depending on how that looks and what that's you know i i still think that probably feasibility is is probably nine to 12 months after that um i mean there are some and from the permitting perspective um you know we're wherever you are and whatever you do i always see it you never want to be first you want to be second that's so you follow and so in footsteps so we're very fortunate that uh the other big project in country uh they already went through the permitting process and in fact um they start in mind development without without their uh mining license uh actually being granted because you need your EIA your environmental impact assessment completed before you get your your mining license so um i mean i i think the those types of things are absolutely central but they are not going to slow down um your path to doing the engineering feasibility and getting the site prepared and your condom nation drilling so i think we get blast ahead on all of that stuff and that's basically what all our meetings are at right now um you know we've hired an engineer and he was down at site with working on certain site prep uh aspects things like that so um you know i i think maybe on our next conversation or when we talk in a couple months we'll have a better uh list for you but but but we're undertaking them anyway as i said some of the basics are pretty you know a site preparation i think as you probably know this is not a a beautiful site uh it's it's definitely a highly disturbed site that was a mining site a lot of people that visit it they actually that's what they say hey it looks like a mowing so you know we don't have any site clearing there aren't any you know forest or anything that we need to take care from that perspective so um yeah it does feel like like this would be you know uh this would be relatively easy compared with you know remote green field sites