RE: RE: Miningman3 , I dont think so..Hey Billy Bob,
Pretty lame response from some one purporting to be a mining consultant being paid $180,000.
Where are your financial figures (Net present value calcs, Internal rates of return, cash cost per ounce) that support your argument this isn't an economically viable project. I have asked you twice to share any logic as to why you think that a low grade high tonnage project can't make money and so far I have seen nothing. The prefeasibility study for Canadian Malartic alone shows very robust economics and puts Osisko in the top quartile in terms of low cost producers. South Barnat with its higher grade ore will favorably impact the numbers even more.
Now I have to thank you for bringing up John Embry. You have made an excellent case on my behalf for investing in Osisko. For those that don't know he is the chief investment strategist at Sprott and is a precious metals expert. Your excerpt or quote from the Gold Report was done in an interview in September of this year. Embry is actually arguing in that interview that now is the ideal time to be buying junior stocks like Osisko due to the forced selling and irrational pricing that have hammered junior stocks to depressed price levels not seen since 2000. He states there is no downside risk from a fundamental perspective and that things could double very quickly. He is not concerned with companies that have strong financial support, a 41-101 resource and sound management. So thank you again for sharing that interview. It make a very strong case for buying Osisko.
So let me repeat it one more time so it sinks in. The current depressed $25 per ounce valuation that exists for most juniors now according to Embry is based on forced selling and irrational pricing. According to him it presents a unique opportunity for investors to get into cheap quality junior stocks whose share prices will rise not decrease from this level.
Surely you read the entire article Billy Bob. I can't believe you actually posted that thinking you were making an argument against Osisko. Some very erratic thinking on your part.
In addition in your previous post you mentioned that Osisko has $135-150 million in cash. That equates to around a $1.00 per share. Why would the stock price drop to a dollar meaning that a 7 million ounce ore body is worth nothing? You are not making any sense.
C'mon Billy Bob. My dog can come up with more logical thinking than you. Maybe Rover should get the $180,000. I'm giving you all kinds of opportunity to show why I shouldn't be calling you an idiot but you keep disappointing me.
Still waiting for those financial figures.