RE:RE:RE:RE:RE:RE:I Don't Like The GFI DealThe only leverage for the shareholder I see now is if the $75 million for exploration yields results similar to the past. I think I read somewhere the finding cost of the 6mm oz reserve was around $50/oz. If replicated, that would yield or prove up an additional 1.5mm oz, 50% of which go to the OSK side, 750,000 ounces
With the mill built and paid for by GFI, the value of those new ounces is greater than without the mill .- each oz now worth around $700.
So each newly discovered ounce costing $50 to find could be worth around $700 to OSK's cash flow once operating - instead of $400 without the facility. Maybe worth $2 or so to OSK's sp.