Next mid-tier gold producer ... Imho ODV is fast tracked pre-production opportunity, and s/b at par performance-wise with both my experience with Ross Beaty's Equinox, and Bruce McLeod's Sabina Gold, both of which have been and should continue to be stellar long term investments.
ODV management are the company's largest shareholders and have an incredible track record in the gold sector. They built Canada’s largest gold mine, Canadian Malartic, which produced between 650,000-750,000 ounces of gold per year since 2011, with many more years of production left to go.
- Tier 1 management team is heavily invested in the deal at today's price.
- Tier 1 projects include large deposit with +300,000 oz/yr production with lowest cost quartile of AISC.Low political and jurisdictional risk.
- Payback period of less than 3-years using $1,400 gold.
- Assets meet the criteria of listing on the NYSE (I hear that's the plan).
- Well-capitalized and uniquely positioned as a premier gold development company in North America.
- Objective to become the next mid-tier gold producer.
The Cariboo Gold Project, located in central British Columbia, is Osisko Development’s flagship asset with measured and indicated resource of 21.44 Mt at 4.6 Au g/t for a total of 3.2 million ounces of gold and inferred resource of 21.69 Mt at 3.9 Au g/t for a total of 2.7 million ounces of gold. The considerable exploration potential at depth and along strike distinguishes the Cariboo Gold Project relative to other development assets as does the historically low, all-in discovery costs of US $19 per ounce. The Cariboo Gold Project is advancing through permitting as a 4,750 tonnes per day underground operation with a feasibility study on track for completion in the second half of 2021.
Osisko Development’s project pipeline is complemented by potential near-term production targeted from the San Antonio gold project, located in Sonora Mexico and early exploration stage properties including the Coulon Project and James Bay Properties located in Qubec as well as the Guerrero Properties located in Mexico.
I'm participating in ODV's US$5.75 unit financing :-))