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Osisko Mining Inc T.OSK

Alternate Symbol(s):  OBNNF

Osisko Mining Inc. is a Canada-based mineral exploration company. The Company is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. It holds a 50% interest in the high-grade Windfall gold deposit located between Val-d'Or and Chibougamau in Quebec and holds a 50% interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 2,300 square kilometers). The Windfall property consists of over 286 individual claims covering an aggregate area of 12,523 hectares (ha). The Windfall project is located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec, Canada. The Urban Barry properties are located in the Urban Township, in Quebec’s Eeyou Istchee James Bay region, approximately 700 kilometers (km) north-northwest of Montreal, and 100 km east of Lebel-sur-Quevillon’s municipality. The Quevillon property consists of over 2815 individual claims covering an area of 150,163 ha.


TSX:OSK - Post by User

Bullboard Posts
Post by Myrtlesmanon Feb 20, 2020 11:17am
194 Views
Post# 30712946

what's the exit strategy?

what's the exit strategy?Given ~5M oz P/P at let's say $1500/oz= 7.5 billion US$.  Let's say AISC is as high as 80% of that; so that leaves us with $1.5B 'profit'.   Drills still turning.  If I were a major, I'd be seriously looking to take out OSK soon, before the share price rises such that the premium I need to pay is not going to cut into my stupendous deal.   Debt to capital is 0.8%, so they're mostly clear of that.  There's 290M shares outstanding.  Current market cap is 1.1B; if the major coughed up 20% that makes it worth 1.32B/290M shares= $4.55 offer?  How's my math?
Bullboard Posts