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Osisko Gold Royalties Ltd T.OR

Alternate Symbol(s):  OR

Osisko Gold Royalties Ltd is a Canada-based intermediate precious metal royalty company. The Company is engaged in the business of acquiring and managing royalties, streams and similar interests on precious metals and other commodities. The Company's portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, located in Canada. The Company holds a North American focused portfolio of over 185 royalties, streams and precious metal offtakes, including 20 producing assets.


TSX:OR - Post by User

Bullboard Posts
Post by Joseph_Kon Oct 04, 2018 11:36am
85 Views
Post# 28744856

RISE gold mine in California

RISE gold mine in CaliforniaOR should do a streaming deal with these guys.  They own a 129,000 ounce per year past producer that had head grades of something like 17 g/t.  They are drilling it now and are trying to raise cash for more drilling.  Some Anon clown is messing with them right now, probably trying to steal it themselves, and I'm sure these RISE guys would jump at a chance to sell a royalty to secure their future, and to mess right back at the Anonymous guys attacking right now.

Check out their presentation, look at how they were trading at three times the current price earlier in the year, check out the grades they are pulling from current drilling, and it will be clear that this will be a mine again in the not too distant future.

https://www.risegoldcorp.com/pdf/03marpresentation.pdf

My thanks to Anon for letting me load up at this goofy level.

If OR doesn't want to do a royalty deal, maybe they'll just buy the whole company for 7000 ounces of gold - which would be a healthy premium to the less than 5000 ounces of gold that it is currently worth.   Doesn't that sound nuts to you?  A high grade, 100% owned, no royalty, California gold mine that was set to double production when they were shut down, is currently worth less than 5000 ounces of gold?   They were planning to increase it to 250,000 ounces per year - 80 years ago with $35 gold.   

Just a suggestion, but I think one that OR should investigate.
Bullboard Posts