RE: Price targetThanks for sharing the Paradigm insight. Very interesting. Of course 50 cents and an analyst's opinion will get you a cup of coffee these days. :) Taken with a grain of salt. Personally I'm not even sure if the strategic investor that bought the 5% stake was a mining major. At that time oil was starting to tank and Eurasia I think just needed the cash to meet capital requirements as a result. Could have been an individual investor buying the 5% stake. Time will tell.
Goldcorp did purchase the Eleonore gold deposit in Quebec but I still think Agnico Eagle would be the logical potential acquirer of Osisko given their nearby mines and properties. Lots of synergies could exist. Doesn't Agnico Eagle normally take a small stake first before acquiring all of a potential target company. Who knows. Maybe that was them buying the 5% stake. Regardless once South Barnat resource estimate comes out next month some major producers will be salivating on getting their hands on Osisko. Cash cost will drop below $300 given the higher grade and production level. World class low cost producer. Story just keeps getting better!!!!