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Osisko Mining Inc T.OSK

Alternate Symbol(s):  OBNNF

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.


TSX:OSK - Post by User

Post by Goodtoreadthis1on Jul 14, 2024 3:04pm
312 Views
Post# 36132207

Headed for higher stock price

Headed for higher stock priceAbout 2 weeks ago, I came across an interview with a member of OBNNF leadership team.  He forecast permit receipt in 2025 and mine contruction completion sometime in 2026. All he really did say that sticks with me is an All In Sustaining Cost of $760 per ounce and 200,000 ounces in each of the first two years of production. At today's prices that is $1640 profit per ounce produced or almost $1 per share. 

We are quite a timeline diistance away; but we face great profits if gold stays at or near current levels.  

In the meantime Listening to John B is always fun. 
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