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Osisko Metals Inc V.OM

Alternate Symbol(s):  OMZNF

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company owns a 100% interest in the past-producing Gaspe Copper mine. The Gaspe Copper mine is located near Murdochville in Quebec's Gaspe Peninsula. In addition to the Gaspe Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance the past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure. Its Mount Copper Expansion Project hosts the undeveloped copper resource in Eastern North America. The Company also owns a group of 199 claims adjacent to its Gaspe Copper Project. The claims cover additional ground near the Gaspe Copper project.


TSXV:OM - Post by User

Bullboard Posts
Post by norbu1on Mar 20, 2014 7:53am
282 Views
Post# 22344782

sooner or later

sooner or laterThese productions costs are extracted from the latest OSK news release: Average gold production of 610,000 ounces per year over the next five years (2014-2018) at cash costs of US$516 per ounce -- Average of 597,000 ounces per year gold production over life of mine at cash costs of US$525 per ounce These are eye popping figures. Even if pog goes down to 1300/oz there is still huge profits being made at OSK. Sooner or later, this prize will be either taken over or they will find and develop more gold resources. Either way, shareholders will win. The activity and news released are fairly frequent. Management is trying to make things happen, unlike some companies where management sits back and try to milk their jobs forever. These attractive production numbers are bound to attract the attention of other buyers out there. A buyer does not need to pay with cash. A share offer can also do the job. I am speculating that Barrick is casting its covetous eye on OSK. Barrick is cleaning up its own portfolio. Peter Munk has recently retired. Perhaps the new CEO will feel the need to make a name for himself. What better way than to buy out the best gold mining company in Canada? Foreign jurisdictions have proven to be extremely costly.
Bullboard Posts