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(Kaieteur News) â Canada-based Omai Gold Mines Corp. believes that the companyâs Guyana gold project is not receiving the market value it deserves, arguing that the companyâs shares remain significantly undervalued despite doubling its Mineral Resource Estimate to almost eight million ounces in less than two years.
During an interview on Crux Investor, Omaiâs President and Chief Executive Officer (CEO) of Elaine Ellingham outlined that the company has two large gold deposits in Guyana, the shear-hosted Wenot Deposit and the adjacent intrusion-hosted Gilt Deposit.
âWe actually doubled the size of our ounces of our resource estimate in less than two years. And if youâve got a small deposit, thatâs easy. But going from 4.3 to 8 million ounces, is a big jump upâŚI think it just hasnât been fully valued into the stock,â she added.
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