GREY:KXLAF - Post by User
Post by
XKidon Sep 04, 2012 8:26pm
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Post# 20317191
Osisko's next mine?
Osisko's next mine? This company is somewhat reminiscent of Brett resources imo. Very little known company with a very underappreciated project. This project doesn't have the ounces, is quite a bit deeper, but it's higher grade and gold is 1700 per oz compared to 1200.
I used to own Brett back in 09 or 10 whenever it was they got taken out by Osisko for what seems like a song now. Management didn't even shop it around, it was worth much more than they got but it was still a triple for most shareholders. This one seems to be flying under the radar too.
I'm not completely finished with my DD on the company, but think i'll pick up my position anyway and figure out the rest as i hold my shares. Open pit miners like this get a lot of torque to higher gold prices. The PEA looks really good and only incorporates about half of the resource. Payback period of two years?? This is the type of deposit you want to own in this environment. Simple project, friendly jurisdiction, lots of traction to gold prices.