OTCPK:SPVEF - Post by User
Post by
BruleShoreon Mar 17, 2018 6:04pm
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Post# 27734463
AGB/OSPREY
AGB/OSPREY
Several learned posters have expressed positive thoughts on the possible appreciation of OS shares. While this might happen in the near term,OS will be long gone before AGB has any need for Osprey’s holdings.
There is no such thing as “too much gold”but AGB is well positioned for the next 7 years WITHOUT ANY contribution from phase 3.
The just completed drilling at FMS and CH for phase 3 encompasses a much larger area than what was drilled originally (850,000 oz Au). Phase 3 should add another million + ounces.
Maryse just announced 70,000 meters of drilling along the strike zone.There is every reason to believe they will find several more million oz in this 80 km stretch.
On top of this,AGB has just announced 2 more mills... one each at FMS and CH at a cost of roughly $250,000,000. Osprey simply cannot compete and no other player can accumulate the lucrative land mass in eastern N S that AGB has.
There is no doubt in my mind that AGB will acquire Caribou and Goldenville after OS becomes insolvent. There is no other entity able to go from exploration to production. AGB has done this with massive amounts of insider cash and many many years (Spur Resources/Acadian Mines) of active arduous effort in NS. It’s the only game in town.
So good luck to OS shareholders, but don’t be expecting a buyout from AGB in the next dozen years. They simply don’t need it .
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