RE: RE: Best thing that could happenI would have to agree with Canada1 on this one…
Originally I also thought that Orex has just sold 60 % for 13 million plus a prefeasibility study plus all that dilution that just occurred…
But if I sit back and ask my self… if Orex had gone in by them selves how much dilution would there have been… how many shares did orex needed to issue in order to get 13 million dollars…
If orex had gone in them selves at most they would have 1 or 2 drills on site AT MOST… now with Osisko leading, this property will be drilled like swiss cheese…
Like another poster had said, Orex has over 270,000 hectors of land… that’s a big potential or am I just dreaming? If so, explain…
The biggest risk with junior explorer is financing… agreed? The Osisko deal just took that away…
Of course Osisko got a good deal… but I think we are far better off…
I can just see it, if we had waited for orex to complete the drilling on this project, it would have been 6 months of drilling then 6 months for the estimate then 6 months of financing blah blah blah… now just go at it…..
For the record, it appears that Osisko is a low grade high tonnage kind of boys… and with orex the lower grade you go the more the ounces… so those 6 to 10 mm of ounce aren’t out of the picture…