Omai Gold Mines is Preparing a Past World Class Gold Mine for Future Glory

On Saturday, Sept. 6, I began covering Omai Gold Mines for the paid subscribers of J Taylor’s Gold, Energy & Tech Stocks. With this video I am making my interview with Elaine Ellingham, CEO, President and Board Chair person at Omai Gold Mines, available to the general public.

Omai Gold Mines counts 6.5 million ounces of gold at its Omai gold mine in Guyana, South America, a pro mining country. The strategy of Omai is to advance the project to the point where it would be a turnkey operation for any of several majors that require larger projects. The Omai mine produced 3.8 million ounce of gold from 1993 through 2005 with an average annual production of 300,000 ounces, making it South America’s largest gold mine at that time. It was shut down in 2005 when gold was priced at $400 on it way toward $300/oz.

I see this as a world class deposit with massive exploration potential that should be very attractive to one or more major gold producers, especially after the completion of an updated economic study that takes into account the most recent resource metrics.

Major gold miners are not particularly adept at discovering new world class gold deposits. In fact they relatively do so. Instead they rely on smaller more flexible exploration companies to discover and advance deposits through economic studies.

With a current market cap of around US$427 million, I believe the upside potential for investors from this point forward in Omai is considerable especially with gold shares just now starting to play catch up with the price of gold which is still rapidly on the rise.

I should mention that I am not being paid directly or indirectly for this interview but as noted, it is covered in my newsletter, J Taylor’s Gold, Energy & Tech Stock.

Best wishes,

Jay Taylor