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Osisko Metals Inc V.OM

Alternate Symbol(s):  OMZNF

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company owns a 100% interest in the past-producing Gaspe Copper mine. The Gaspe Copper mine is located near Murdochville in Quebec's Gaspe Peninsula. In addition to the Gaspe Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance the past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure. Its Mount Copper Expansion Project hosts the undeveloped copper resource in Eastern North America. The Company also owns a group of 199 claims adjacent to its Gaspe Copper Project. The claims cover additional ground near the Gaspe Copper project.


TSXV:OM - Post by User

Post by KatieRosslandon Apr 30, 2022 7:55am
202 Views
Post# 34644562

Facts.

Facts.Interesting facts there are 140mt of tailings rich in Moly at Copper Mt, prior mine didn't install a circuit to recover.  140mt x 0.02% = $1.3 billion in MO in tailings.
 
More....
 
And Porphyry Mt context: Xstrata estimated (0.6% CuEq cutoff) in 2012 a resource of 437 Mt @ 0.58% Cu, 0.073% Mo and 2.4 g/t Ag, = .94% cueq and the system remains wide open at depth, the deepest hole was the best (30-943: 822m at 0.94% Cu and 0.07 Mo), which represents the deepest (and best) hole ever drilled under Porphyry Mtn. That's about 10 billion pounds Cueq or $45 billion in resources.
 
The oxide pile at Copper Mt is 31.7mt at .35%, at surface, no cost to mine, its right there = 244 million pounds. = $1.1 Billion in resources.
 
Coper Mt sulphide 3.1 billion pounds another excluding Ag and Mo = $14 billion
 
total so far = $61.4 billion excluding C and E high grade zones that have a few million tons.
 
So what is the upside to MC?  I see explorers without a resource with Mc equal to ours.
 
Plus there is Pine Point with 50mt so far worth = $13.5 billion zinc plus lead
 
Total company wide at grades that make money = $74.9 Billion
 
I don't know when it rerates but if you believe copper stays above $4 long term and zinc above $1.40 its will happen and in a large way.

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