Osisko Mining Inc T.OSK

Alternate Symbol(s): OBNNF

Metals & Mining Gold

Osisko Mining Inc. is a Canada-based mineral exploration company. The Company is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. It holds a 50% interest in the high-grade Windfall gold deposit located between Val-d'Or and Chibougamau in Quebec and holds a 50% interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 2,300 square kilometers). The Windfall property consists of over 286 individual claims covering an aggregate area of 12,523 hectares (ha). The project is located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec, Canada. The Urban Barry properties are located in the Urban Township, in Quebec’s Eeyou Istchee James Bay region, approximately 700 kilometers (km) north-northwest of Montreal, and 100 km east of Lebel-sur-Quevillon’s municipality. The Quevillon property consists of over 2815 individual claims covering an area of 150,163 ha.

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Osisko Mining Inc > I Don't Like The GFI Deal

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Comment by DaveG999on May 10, 2023 2:55pm

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Post# 35441407

RE:RE:RE:RE:RE:RE:I Don't Like The GFI Deal

The 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.

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