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Osisko Metals Inc V.OM

Alternate Symbol(s):  OMZNF

Metals & Mining Industrial Metals & Minerals
Osisko Metals Incorporated is a Canada-based exploration and development company. The Company is engaged in the exploration and evaluation of base metals properties with a focus on copper and zinc mineral assets located in Canada. The Company’s projects include the Gaspe Copper project, the Pine Point project, and Mount Copper Expansion project. Its Gaspe Copper project is located near Murdochville in the Gaspe peninsula of Quebec including the copper mountain expansion deposit that hosts a NI43-101 inferred resource of 456 Megaton (Mt) grading. The Company’s Pine Point project is located on the south shore of Great Slave Lake in Canada’s Northwest Territories. It is based on current mineral resource estimates, which is an open pit and shallow underground mining and consist of 12.9 Mt grading. Its Mount Copper Expansion project is a copper resource property, which is located in Eastern North America. The Company’s subsidiary is Pine Point Mining Limited.


TSXV:OM - Post by User

Osisko Metals Inc
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Post by bosseon May 06, 2013 5:30pm
150 Views
Post# 21344433

New 15% royalties increase

New 15% royalties increase

It means that OSK will have to pay an additional 15% or a 4%on the selling price of their production.

So, 600 000 onces at $1500=$900 000 000 X 4%= 36M

They will have to pay taxes on their profit.

D'ont know exactly how the bottom line will be affected,but we will know very soon.

Bullboard Posts
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