OBAN MINING CORPORATION OBNNF

RE:OSK: drop justified?

[alixx11]

Canaccord Genuity Capital Markets analyst Kevin Mackenzie said that Osisko, with about US$200 million in cash, is still well placed to advance the project and a maiden feasibility study scheduled for this year should cast a better light on the project's economics.
 
"While likely to be viewed as a disappointing outcome in the near term, we believe that Osisko remains well positioned to advance the Windfall project into production, given management's experience permitting, constructing, and operating the Canadian Malartic mine in Quebec, prior to selling it to Agnico Eagle and Yamana in 2014 for US$3.9 billion," Mackenzie said.
 
"Overall, we expected the feasibility study will mark a sharp step change from the 2021 PEA, with a production profile potentially in excess of 300,000 ounce per year versus the 238,000oz/y outlined in the PEA," he added.

source : miningjournal.com