RE:RE:RE:Pine Point acquired by Osisko MetalsCash as of Sept 30:
Osisko Mining $85 million
Osisko Royalties $100 million
Osisko Metals $ 34 millon
Long Term Debt as of Sept 30:
Osisko Royalties $200 million
The cash for all 3 barely covers the long term debt. They'll need to borrow money to finance a plant for Pine Point. Osisko needs to move quickly because zinc prices won't remain high forever. History shows big swings every 2 to 3 years. Osisko must believe in Pine Point to take this risk.