Osisko Mining Inc T.OSK

Beautiful FS , Willis we have a mine

[idlefreebird]

i was surprised that the resource grade dropped from 11.4 gpt to diluted grade for operations at 8.1 gpt...But that being said nothing wrong with a 300,000 ounce producer to be..keep in mind the bulk samples all came in at better recoveries so there capping is high..better to under promiss and over deliver...I'm a little worried with our neighbour Bontera as there Barry grade at 5 gpt will get diluted down..I'm still keeping an eye on it ...glta

[metalhead666]

Stock at 1x NAV isn't cheap here.  Good FS, fine mine but not a bargain here

[Pete1986]

Exactly. And don't forget the 100 mio USD convertible bonds. Right, they also have 100 mio US cash but they will still need lots of cash until they start consruction.  PEA was 1600 mio CAD at 1600 US gold. So thats very disappointing for me that NPV is down that much even though they did lots of drilling and increased the reserve.  I will sell 90% of my holdings at the opening and

[metalhead666]

It's a very good and viable project. I think they are being conservative which is good. Long term they'll have a whole camp and make a lot of money....I just won't pay 1x NAV   Should the stock get cut in half I'd be all over it but not here. 

[sr79]

Yeah very conservative.just using current POG we are at $1.4B NPV.  LOM is 10 years at 300k/yr. We all know it wont be a 10 yr mine. Deposit is open at depth and all the mines in Abitibi belt goes deep. And there is new discoveries possibility that should add ounces someday I think its looking great on long term, curious to see market reactions on short term