Things heating up in area, First Mover to Production in camp First Mover to Production in new Urban/Barry mining camp
URL: https://sectornewswire.com/release092316mto.htm
With Osisko's stock over $3, it could (maybe should) be using its stock currency to acquire the Metanor mill (and all gold properties and roads) for next to nothing along with the Barry deposit (they are drilling off Windfall deposit claim on trend for big gold and taking the known 2+ g/T in the pit to Bachelor in 2017, so it seems.
The covenant to Sandstorm is met (once Sandstorm cash flowed $20M) so MTO has 100% use of mill for its own benefit as it sees fit. Loss carry forward means no taxes for several years. Wait till it stops development work on stopes at Bachelor and cash flow is enough to jumps start Barry within a few months!!!!
Interesting indeed..