RE:New Basement Price! We've already discussed previously along with goldenl about Tier 2 assets. You've actually made an assessment of a basement price I sort of agree with, but we should go about it differently.
LME is a Tier 2 asset and wouldn't fetch a price of $300-$350/oz since they aren't near production. A better comparison than Osisko would be Orion (Greenstone), where they were bought for about $110/oz when gold prices were around $1500/oz. We're nearly double that gold price, but to be conservative, let's say a major or a PE company would pay about 1.5 times what they would've paid a couple years ago. So, $150-$175/oz. I guess cutting it in half somehow made sense lol.
(2.5M oz x $175/oz)/267.5M shares = $1.64 USD or $2.24 CAD per share.
We agree there on the absolute basement price. HOWEVER.
I'm disappointed in the 2.5M oz number just as much as everyone else, but I believe it's purely based on the Property of Merit document, which does not give the full picture of the Ishkoday. I imagine the 2.5M oz based on the Property of Merit to be somewhat equivalent to an MRE's measured and indicated resource estimate. We're also missing the inferred resource estimate, which I'd wager is at least another 1.5M oz (again, conservative numbers). Plus, the Property of Merit is missing all the data from the end of 2023 and 2024, which we all know were fantastic results. I'm guessing the data room would show at least 4M gold ounces and to make the number nice and round, 5M GEOs. This is more in line with previous calculations, although it is a guesstimate.
(5M GEOs x $175/oz)/267.5M shares = ~$4.50 CAD/share
Even if the price does end up being $2.24/share, it's disappointing based on our expectations, but in reality, the stock is still extremely undervalued and everyone here can literally make more than 5x their money if they invested today. That's an amount that would make most people invest instantly. At the very least, we'd finally be able to get off this ride.