Mining has been in the toilet for 7 almost 8 years, but in Nov, things went green and were now in a great junior cycle for mining. Jens had/has $2M cash in the bank and some great properties inside BFD. The winner here ( properties BFD own ) besides Hemlo, is Windfall/Urban in Val Dor’ PQ. BFD property is surrounded by OSK:TSX ( $5.00 a share ) on three sides. OSK, is controlled by OR:TSX & NYSE
( $15.00 a share).
…… were talking BILLION dollar companies here! I want you to check all I am telling you out, if you did not, I would be disappointed.
So Jens hired Jason 10 months ago, remember Jason is President of his own Corp Finance company and Investor Relations Corporate Communications company. Fact of the matter, he worked for OSK for 7 years, traveled the world with the Exec team and knows every fund and fund manager around the world that owns OSK!!!! So when Jens stepped down, they brought in Mr. Robert Wares, Rob is currently the EVP of OSK and the discoverer of what has been Canadas largest Gold mine, period, he is a geologist, there are 1000’s of geo’s in the world less than 20 have made major discoveries. OSK, the old company, under Mr. Wares, discovered and developed the Malartic Gold mine, now known as Canadas largest a) discovery and b) gold mine. Goldcorp thought they had it in the bag, but Anico Eagle scooped them and paid these guys $4B. So Robert and company started a new OSK, and if you check out their stock chart a year ago were under $1.00. Today they are trading over $5 a share and have $200,000,000.00 cash in the bank and Jason was part of this. So the guys on the inside of OSK are wealthy, they are all multi millionaires. So they are not doing this for the money, they are doing it for fun and the discovery. Robert Wares, already has a global name, he’s huge in the industry. In Zurich two weeks ago, OSK said they will put the Windfall mine into production starting at 300,000 oz of Au per year and scale up. If they don’t get bought out!!! ;-) They said this at the largest mining conference in the world with some of the biggest institutional investor in attendance. Then a week ago, they put out a press release saying that. These guys know how to promote and make shareholders money, thats what this game is all about, I hope you agree. The last 4 press releases OSK, have put out, huge gold numbers, and they are just about to embark on a huge drill program on BFD, after all, they currently have one of the largest drill programs going on now on the Windfall property ( theirs ) and soon BFD. They announced the location of the mill and its crosses over onto BFD property.
Their drill program for 2017 is 400,000 meters. Good god, lots of companies hope to drill 2000 or 4000 meter programs, a year, so they are doing 30,000 meters a month. As I said, its HUGE!!!!
Four weeks ago, on a Friday at the close OSK put out news that they were approved to now trade on the TSX/S&P index, stock hit $5.60 and has pulled back, for now. At the AGM ten days ago, they brought on Mr Zhaung, he is the senior exec of a company in China, in that press release, his company is 229/500 Forbes 500 and last year did $43.4 B in revenue, Mr Zhaung owns 10M and by now, maybe more…. OSK position, 20%. Nothing would surprise me now, there maybe 1 or two more groups following OSK lead, own 20% ( Whats that expression I hear you say all the time, “go big or go home”) This is all public information. BFD raised $6M a month and a half ago, of that OSK took down $3.1M and bought another ? m in the market, they own 20% stake or 34M shares, it was in the circular for the AGM.
Join me at this party,’
J103 ( keeping it real, did I miss any thing?)