THE CRITICAL INVESTOR

Dear subscriber,

Omai Gold Mines surprised me with a 3.7Moz Au total resource for Wenot and especially Gilt Creek (former Fennell deposit), the latter coming in at 1.8Moz @ 3.26g/t Au Indicated and Inferred. Previously it seemed that the historic resource of 1.4Moz @ 2.5g/t Au could convert into a 700-800koz @ 3.5-4g/t Au compliant resource, but the end result more than doubled that number. As I felt the not so conservative gold price (US$1700/oz) and used base case cut-offs deserved a solid explanation, although not taking away anything from Wenot/Gilt Creek being pretty economic, CEO Elaine Ellingham was happy to discuss things with me. Read more about it here:

Omai Gold Mines Increases Resources to 1.9Moz Au Indicated and 1.8Moz Au Inferred At Wenot/Gilt Creek

Regards,

The Critical Investor