I have finished making my initial purchases in OREMEX RESOURCES INC. ORM.v or ORXRF in the US. I paid $.44-$.48 CDN

Oremex has six, 100% owned properties in mining friendly Mexico.

The property that has won my investment capital is the Tejamen silver property. Oremex has established a 50.8 million ounce National Instrument 43-101 compliant silver resource, by independent study. Work continues on the Tejamen in order to upgrade and expand the resource, as it is open in at least two directions and at depth. It is important to understand that there are two main zones, which make up the Tejamen. They are a short distance apart. My understanding is that, little or no drilling has been done between the two yet. Other analysts have speculated that there could be over 100 million ounces, in total.

A technical report recently released, suggests a 10,000 TPD open pit heap leach operation could start producing silver, within one year of initiation. Oremex would produce about 5 million ounces per year at $4.50 per ounce, making it the second largest silver producer in Mexico.

Infrastructure is excellent with a major hi-way, mere miles from the property and a very well maintained, wide gravel road to the town were the property is located.

An important negative fact remains, however I believe will soon be resolved. Oremex has mineral rights only, to the Tejamen. Oremex is currently in negotiations with the local Edijo for surface rights, which was recently voted on and denied. I believe this has been the largest contributing factor, to the unbelievable opportunity to buy under $.50 CDN

Mexican law states that mining is the most important use for land and will if necessary, temporarily remove or relocate inhabitants. Many companies have had to resort to this provision, however I don't think this will become necessary in Oremex's case. Oremex has provided many benefits to the locals already, and I believe they are negotiating for more.

Oremex has a market cap of under 20 million CDN fully diluted, and has no debt. They have cash to fund continuing operations, which include delineating and upgrading the Tejamen as well as exploring other 100% owned properties.

Oremex has not raised money recently, but is well cashed-up at this time. There are no overhanging shares coming free trading.

I won't bother to relay all the facts that can be found on Oremex's easy to navigate website. I do encourage you to go through the latest technical report and get a better understanding of the other properties. I also recommend ORM.v for immediate purchase. I don't think it is necessary to buy aggressively, however an initial purchase is more than warranted in my opinion. I am extremely bullish on Oremex, and would not be surprised to see it trading closer to $2.00 CDN within 12 months. If silver were to rise to $20 as many analysts predict by first quarter 2008, then Oremex will have at a minimum, a $1,000,000,000 asset in the Tejamen alone. A $20 million dollar market cap and a mere $25 million capex to reach full production, gives Oremex tremendous leverage to the price of silver, the highest leverage that I can think of by any silver miner.

Oremex gives video presentation:
http://clients.westminster-digital.co.uk/minesite/microsite/events/42/video/index.aspx?CompanyID=42_5

Excellent video! She is very good at telling the story from all perspectives: infrastructure, local community, how to get into production, etc.

I don't hear much about heap leaching in Mexico, as Mexico tends to have high-grade narrow veins (compared to, say, the Nevada desert gold mines). Is it well-accepted by Mexican permitting and environmental authorities?

Ya Studkr...I think I have noticed quite a few open pit style projects in Mexico recently, mostly Sonora State and Chihuahua State though. I was in Zacatecas recently, but I can't recall seeing open pit operations there. I was on Capstones site for about half an hour, which was probably the biggest actual operation I saw while there...not open pit though.

I don't see any problems in Durango. I will keep the question in mind for Linda...see what she has to say.

Partial press release fro back in September 2004

Oremex Intersects 20 Oz. Silver Per Tonne Over 292 FeetVancouver, B.C. September 8, 2004: Oremex Resources Inc. is pleased to announce that recent drill results continue to confirm the presence of a large high grade silver zone which is expected to be amenable to open pit mining, at the El Manto area on its silver-gold Tejamen project located in the state of Durango, Mexico .

Assay results on 16 additional holes are reported in the chart below and drill hole locations are posted on the property map [see map on Tejamen property home page. www.oremex.com ] A total of 91 holes have been drilled to date, [including these 16 holes], comprised of 30 holes on Cerro Pietro and 61 holes on El Manto.

Hole 118 is located on line 150N; holes 93 through to 102 are located on line 200N; holes 103 through to 105, 119 & 120 are located on line 250N; hole 109 is located on 300N; and 114 is located on line 350N. All holes are spaced 30 meters apart along the lines (which are 50 meters apart).

Of particular note are holes 97, 101 and 104.

Drill Hole 97 -- 453 feet [138 meters] assaying 3.39 oz. per tonne [opt] silver [105.5 g/t] , including 26.2 feet [8 meters] at 12.3 oz/tonne [383 g/t],and three other intervals [each 26.2 feet [8 meters]] assaying 7.78, 5.74 and 8.19 opt, respectively.

Drill Hole 101 - 292 feet [89 meters] assaying 19.95 opt silver [620 g/t ] and includes 13.1 feet [4 meters] at 59.89 opt [1862.5 g/t ], 32.8 feet [10 meters ] at 38.61 opt [1201 g/t ] and 36.1 feet [11 meters ] at 22.02 opt [689 g/t ]

Drill Hole 104 -- 131 feet [40 meters ] assaying 4.59 opt silver [142 g/t ] plus gold, and includes 6.6 feet [2 meters ] at 58.75 opt [1830 g/t ] plus 0.55 opt [or 17.05g/t ] of gold . Hole 104 is showing good gold values throughout its depth.

Assay results for selected holes are reported in this release. All holes are vertical and extend to a depth of approximately 150 meters, [the limit of the reverse circulation drill], with some holes still in mineralization.

In the El Manto area of the Tejamen Silver property, mineralization is located along and adjacent to the andesite/rhyolite contact and within NE trending fault-fracture zones containing high grade quartz veins. These structures (veins) dip steeply (+70 deg. to NW) and acted as feeder systems for hydrothermal mineralizing solutions. The solutions mineralized the fault - vein zones, and also spread laterally along the andesite-rhyolite contact (fractured, brecciated, permeable zones). Lower grade disseminated mineralization is found adjacent to the high grade vein zones. In some areas, there are up to 12 of these parallel vein systems cutting the andesite-rhyolite.

Orm only intersected one such long intersection with relatively high grade.

I don't want to freak anyone out, but if you own Tumi resources, it might be worthwhile getting to understand Rhyolite and how it forms.

Rhyolite forms in structures called "Columnar jointing" these pillars may not be wide strucures, so a drill could run down a column, kind of lke a pencil through a straw. This could result in an impressive drill resut, without much substance. Then again it could be a feeder vein, that has multiple offshoots. Good grief! I wish I understood geology better.

Take a look at this photo:

http://hyperphysics.phy-astr.gsu.edu/hbase/geophys/rhyolite.html

Guys
Watched the video..
picked up 20,000 shares today @ 0.44 CAD, and will buy more if price drops to 0.40.
- Bull - I hope your senses are right about this one !

So do I Silverman, so do I. Sold my SLW.wt.to for this purchase.

I have to believe that paying $0.40 for 43-101 oz's, and a very proven mining method that has inherently low risk, must be a good value.

The other big incentive for me, is the very low capex for such an operation. The project could also be scalable to some degree. Seeing projects like CGC.v go into production helps one to visualize OREMEX doing the same thing.

http://www.capitalgoldcorp.com/

There was a time that I was also extremely bullish on ORM. Since I sometimes need confirmation in my DD, I felt validated when I stumbled across the following website:

http://www.silveraxis.com/stocks.html

However, the following NR in February caused me to reassess my position:

http://www.oremex.com/news/2007/news_2007-02-26.html

Sensing the start of another bull run repeating that of almost 18 months ago, coupled by ORM apparently going nowhere, I sold 1/2 of ORM a couple of weeks ago. Why didn't sell all of my shares? When I sell, it always seems to take it bullish run. It's not the best criteria on which to base a decision but maybe I won't be left behind this time.