Osisko Metals Incorporated V.OM

An hour well spent !

[KatieRossland]

Osisko Metals, Gaspe Copper, Pine Point, Bob Wares, OM.V - YouTube


Notes from Doc/Bob Wares interview:
4 mins: Mr. Wares believes oxide Cu component may be overstated, new 30km drilling may raise sulphur Cu component grade from 0.31% to 0.33% or 0.34% at Mount Copper
4 mins: new 30km drilling will also quantify the Mo and Ag byproducts, not enough data overall to estimate yet
5 mins: resource estimate is using a 0.16% copper cutoff grade (with $3.80/lb Zn), conservative relative to the 0.12% other companies are beginning to use
6 mins: Mount Copper new pit outline will be approximately 600m deeper than current pit
6 mins: the upper/central core of the pit is where the higher Mo grades are expected to be found with the new drilling
17 mins: might drill some deep 2500m holes at Porphyry Mountain (satellite to Copper Mountain) in Q3 2022 after Copper Mountain 30km drilling completed
28 mins: Mr. Wares thinks Pine Point IRR will be higher than the Mount Copper IRR, which is likely to be at least 18-20% after-tax
29 mins: PEA for Pine Point will see water costs reduced by about 30%, which has been one of the primary past concerns
30 mins: Pine Point PEA likely to be released in June now, not May
32 mins: Pine Point PEA should show improved IRR from the original 29.6% from past PEA
34 mins: FS on Pine Point should begin in fall 2022
44 mins: flow-through financing likely to occur next week, purpose is for 30km Mount Copper drilling and for summer/fall Pine Point work

[Jessyoz]

If these projects are that good, why do they do a flow-through financing at this price level if it's only for late summer/fall exploration? Do they expect a decrease in the sp? Again, dilution doesn’t seem to be a concern. Unstoppable, Hotstock, your thoughts?