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Osisko Metals Inc V.OM

Alternate Symbol(s):  OMZNF

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

Bullboard Posts
Comment by JRaffleson Mar 21, 2016 10:54am
144 Views
Post# 24683272

RE:RE:RE:RE:RE:RE:12g per tonne on 19m !

RE:RE:RE:RE:RE:RE:12g per tonne on 19m !
I take your point on the vertical depth at the 200m level.
I should have checked the drill angle.

However, at 200m [your number] this is almost as deep as the Metanor Bachelor shaft.
Therefore, my point stands, that huge capital cost are required to mine this ore, whereas Metanor's Barry open pit at circa 1.25gt is shovel ready and permitted (with a mill which could be supplied by a concentrator at the Barry camp).
This returns to my initial point that OBAN's projects seem to be developed in isolation of each other?


Bullboard Posts