Osisko ComparisonOsisko 2005 Phase Two Headline Drill Results:
-48 m at 1.29 g/t au
- 193 m at 1.22 g/t au
-125 m at 0.82 g/t au
- 259 m at 1.0 g/t au
- 142 m at 1.39 g/t au
- 7.5 m at 4.19 g/t au
The day OSK announced it's Phase Three Drill program with only two drill rigs with a plan of only 14,000 metres (later 13,000 more m added) the stock opened at
.68 and climbed to
.82 cents on the day.
Phase 3 Drill Results of Early 2006:
- 170 m of 1.35 g/t au - OSK opened at
.85 and closed at
.99 - January 5 2006
- 1.88 g/t over 80 m - OSK opened up at
.96 and closed at
.97 January 25 2006
- 18 m of 6.57 g/t au - *comparable to GBB's phase 2 hole of 26 m of 4.6 g/t au - Feb 6, 2006 - OSK opens
.95 and a high of $1.02
- 103 m of 1.94 g/t au on March 23, 2006 helped OSK close at $1.55 a share
I don't believe these intercepts are remarkable nor something that cannot be attained by GBB as their latest drilling has not been spectacular but the VG hits and deeper holes are yet to come which according to OSK grade is not very relevant as all their NR's were received quite well despite grades on deeper holes averaging less than 1.5 g/t au, tonnage was what mattered.
When their resource estimate came out in December 2006 stating that they had 6.5 million oz of gold at a grade of roughly 1.4 g/t au the stock opened at $4.20 and hit a high of $4.67. That's a massive move to the upside for a stock as they closed one year earlier in December of 2005 at
.45 cents per share. There were no massive NR's with bonanza grades which causes some stocks to become easy 3 to 5 baggers just consistent NR's proving up tonnage and it's only so long that a SP can be held down. The most amazing thing about this is that all of this happened while gold was sitting at a measly $650 an oz...
GBB is disgustingly undervalued right now and there's no doubt in my mind a $1 is a near term target for the SP.