RE:RE:New Investment analyst etc on board today!Unfortunatly there is no Price Target in this Report - while i always struggle to compare Mining Companys without economics Numbers out - in this Case presonally i find this " wide Range from 12 to 150 $ " a little bit curious. The only 150 $ EV Company is Osisko Mining - a Billion Dollar Company with absolut Highgrade 8 to 9 Gramm/T - since their Resourceupdate in 2021 - you see them drilling 200.000 more Meters with >30 Drill Rigs at Windfall - and if you follow their Releases you know what Grade they are reporting - outstanding
This MRE is based on drilling completed as of September 2020, and includes analytical results received as of November 30, 2020. Approximately 100,000 metres of drilling has been completed since the above dates, with a further 200,000 !! metres in progress and expected to be completed by the third quarter of 2021. A subsequent MRE for the Windfall feasibility study will follow the completion of the infill program. HIGHLIGHTS
- M&I grade of 9.6 g/t Au continues trend of grade increase with infill program
- M&I ounces increased 54%
- Lynx represents over 60% of the total MRE ounces with average grades of 11.3 g/t Au Measured; 11.0 g/t Au Indicated; and 9.9 g/t Au Inferred
- Significant Lynx high-grade zones remain open to expansion down plunge
- Remainder of infill drilling is focused on Lynx with >30 drills
- Discovery and definition cost averages US$38/oz[1]
- Deposit average of 4.5 oz Au defined per metre drilled
If Osisko is going to double their Resource the Valuation is 75 $ then with 9 Gramm Highgrade ?
I just can say, drill Maple drill ;) BL