RE: Profit takingEgo1 wrote:
a) Good mining people are as important as the orebody.So says Casey,Grandish,Kaiser,Dines,ect,ect.And you get and retain good mining people with incentives.Options and warrants.
As for your false statement they will conntinue giving options,they can’t anymore.
[Osisko also wishes to announce that, subject to the final approval of the TSX Venture Exchange, the Board of Directors has approved an increase in the number of common shares reserved for issuance under its current stock option plan from 11,100,000 to 13,400,000 shares, as well as the granting of incentive stock options to employees to purchase up to 1,725,000 common shares of Osisko at a price of $5.46 per share for a period of five years ending September 20, 2012. This will bring the MAXIMUM percentage of stock options that can be granted to 9.9 per cent of the number of issued shares.]
b) they keep finding more ore,6 mil oz/au to 8mil oz/au to maybe 12 mil oz/au.
c)their doing a feasibility,their going to mine it.Good mining people will bring mining cost down because of their mining experience.
d) they didn’t buy the East Malartic Mill to let it site idle.
[“Our new Vice President of Mining and Construction, Luc Lessard, and his team will be evaluating the potential uses of the milling equipment as we feel that this acquisition may have significant additional benefits for the company.”]
Management thinks the mill has significant additional benefits for the company,meaning we’re going to use this mill.With modification and add ons of course.Mill from 3000 tpd to 30,000 tpd.They already contracted a new 38 foot SAG mill and two 24 foot ball mills with rated daily capacity of between 25,000 to 40,000 tonnes per day.This management is thinking ahead.Again GOOD mining people.
So you go ahead and move on,we’ll collect as the price goes up.