Osino ComparisonOSI was just up-bid for ~$150 per reserve ounce for a comparable project. OSI also carrying ~$15M debt and 4% NSR on the project.
Current SGNL price and debt situation obviously disappointing but full permitting in a gold bull market should carry a significant re-rate from here.
Nice to see the competitive bid for OSI as indicative of a turn in the overall market. Looks as if the Chinese aren't afraid to get their feet wet!
-L