OTCPK:CFMSF - Post by User
Post by
RicherNowon Jun 14, 2011 11:19pm
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Post# 18716080
Osisko "Ownership"
Osisko "Ownership"Remember that Osiskop must EARN its 50% ownership by spending over $70 million, in the ground, with +$50 million to go and only 3 years to get it done, it's an all or none JV. Osisko doesn't own nothin' yet. They need to make up their minds and "declare" and do it now, as they have said they would do once the NI 43-101 on their Beattie drilling program was issued. Now that the news is out, it's time for Osisko to "fish or cut bait".
Not only do they have their drilling data AND re-assayed Clifton Star core (129,000 m) but they have geophysics as well. I have seen the CFO drill data and some of it comes very close to Osisko's holes , some as close as < 25 meters. I am puzzled why the Osisko NI 43-101 did not state any measured or indicated resource? This can be done by restricting the search ellipse used in the estimate calculations. Certain restictions or "domains" of drilling are based on the evaluators assumptions. Until I can read the report I withhold judgement about the lack of indicated and mesured tonnes and grade in Osisko's Beattie resource estimate.
Not Investment advice DYODD