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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

Comment by peregrine3on Feb 17, 2022 8:52pm
207 Views
Post# 34440366

RE:RE:RE:Market does NOT like Good mgtmt decision

RE:RE:RE:Market does NOT like Good mgtmt decisionMaybe power and control but as per someone's comment, I'm not sure OSK was serious about the JV to begin with - there's no way they were going to give away half the project. It was more likely an attempt to pressure other potential acquirers. Problem is no one is really interested - not at a nice premium anyway in this current market. The deposit is deep/expensive no matter how much the majors need to replace reserves. OSK will get taken out - maybe before year end but probably not before the next up cycle. Lots of talk about Barrick needing something in Canada. Anyone who thinks they'll buy Windfall at this point is dreaming. As if they would run the risk of winding up with an Eleanore, Rainy River, etc. type of problem. 
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