Omai wants ‘bigger bucks’ for Guyana’s gold on stock market

(Kaieteur News) – Canada-based Omai Gold Mines Corp. believes that the company’s Guyana gold project is not receiving the market value it deserves, arguing that the company’s 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, Omai’s 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.

“We actually doubled the size of our ounces of our resource estimate in less than two years. And if you’ve got a small deposit, that’s easy. But going from 4.3 to 8 million ounces, is a big jump up…I think it just hasn’t been fully valued into the stock,” she added.