RE:RE:Anonymous call, OSK1 sold Canadian Malartic for around 390$/oz when gold was in the range of 1200-1400. Lets put it at 300$/oz.
To put OSK2 on the same level as OSK1, lets take into account that OSK has the money to pay for the mine (which they have). The fair value is around 1.5B based on 5Moz x 300$/oz. JB mentionned in a recent call that the next resource estimate should be around 7Moz (x 300$ we would be at 2.1B and this is without counting the upgrade in grades, the appreciation in the POG, that the government will pay for the power line and the $$$ in the bank). For me we are starting to look a lot like OSK1 in terms of valuation.
JB is holding a conference call this afternoon, the last one was really insightful. The link, for todays conference call, was posted a couple days ago by another member (O&M conference).