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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

Post by idlefreebirdon May 03, 2023 8:27am
156 Views
Post# 35426989

The big debate would be share dilution vs Joint venture

The big debate would be share dilution vs Joint ventureOsisko need to raise capital to fund this mill at over $800 million ..now to get money share dilution and debt would be the primary sources...how much dilution is a fear for shareholders as debt would be paid back with each producing ounce...Therefore with Gpldgield paying two trancfhes of $300 million and then forking out 50% of the build afterwards they actualy commited to build our mill at Windfall as they gave Osisko there moneys for there 50% up front and through in a smooth 75 million for exploration of the camp..therefore no share dilution and half the profits...we would've given away half the profits abyway through share dilution..here we have a competent team on our side ..therefore after reviewing i'm satisfied and we move forward...glta
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