RE: RE: Sharpie009, do U hope OSK get BUY OUT ? RE
Browserguy:
Why do you think those new properties will be the game changer? To do so, they will need a lot of time, money, and effort to develop that......
Scuds:
While I like OSK to take over OX this summer, but I think the chance is very small. They probably will not do anything until they complete the $8M of drilling. I am hoping that they will complete it this year, and I thought this may be the game changer.
OSK has a specific mining plan, and according to their plan. they need large amount of gold near the surface (for open pit) at relatively low grade, but large tonnage processing. Thus, they need probably > 3M oz of gold to go ahead mining.
By the way, we do know there are stories where exploration plays turned sour after mining. Gammon Gold is one example. They have the metal, but they are struggling in mining. OSK certainly wants to mine, and does not want to repeat any mistake committed by some current miners, and thus I think they will wait until $8M of drilling is completed.