RE:Eight Capital comments on Osisko Mining's Feasibility StudyThis report is closer to reality than the stale data used in the FS. But even here, they use $1600/oz as a base case to produce a $5.78 NAV.
If you believe gold is headed down to $1600 - then dump all of them. Today's a great example and shows why $1800 is around the corner. So just for fun, add $200 to the price - after tax and capital costs adds another $100/oz to 8 million ounces ($800 million) and $2.25 to NAV.
More like an NAV $8.25. Today's close $3.60, for the top NA prospect in its class.