Osisko Mining Inc T.OSK

OSK 'updated' FS. Missed the biggest update.

[DaveG999]

Couple of things worth mentioning about tthe "updated" FS.  It did NOT include the bulk sample grade of 65.9gr/tonne. The cutoff date for the FS was June 7,2022. The bulk sample came in on Oct 27of that year.

The valulations used in the FS would have used the imputed 38.6gr/tonne for that block, indicating the methodology at least for this block - and used for the rest of the deposit in the FS  - may have understated the real grade by nearly 50%. The other two bulk samples also exceeded their predicted grade. So clearly, the cutoffs for higher grade areas and other zones are too low. 

Secondly, the base case used $1,600 oz gold price. Today's actual price is $1,900. Using the sensitvity chart, and other data in the FS, OSK should produce about 75 cents cf/share  by year 2. Share price of $7.50 is reasonable. That is before adjusting for any understatement of grade but using that price.

The market generally uses the actual price of gold to determine value of producing companies - not the lower price miners like to use in their studies.

Finally, NO value given to satellite deposits on this huge property.

So all in all, providing no startup glitches OSK is trading less than 50% of its intrinsic value by statrup time. Bay Street, wake up!!!!!!

[Management1st]

I second this opinion

[tomgranite]

The real value of Windfall will come when it is mined. The gold produced could be 50% higher than what is in the RE. The inferred ounces can not be included in the FS so the life of mine and NPV can be doubled.  The current corporate presentation does not give a timeline to production.Neither are any post FS broker/analyst valuations or comments updated. Seems a bit odd IMO but maybe they

[tomgranite]

The FS uses the latest RE, which is derived from drill results. Cut off grade and capping are applied to the drill results in order to get the RE. The bulk sample is used to demonstrate the robustness of the RE, it will never be used to change the figures in the RE as they are based on drill results. The bulk sample reconciliation to the RE is done in order to increase the level of confidence. A

[DaveG999]

You say the The FS uses the latest Resource Estimate, which is derived from drill results. But what tabulation produces the more accurate estimate of a particular block - two or three holes drilled through one 5,000 tonne sample - or extracting and processing the complete sample and weighing the actual gold it yields? So yes, the FS is to provide a minimum case for financing Windfall. But

[tomgranite]

OSK have to abide by the rules, same as all other mining/exploration companies in Canada. Yes, the bulk sample will give a better idea of what is in the ground, that is why I started my previous post by saying that the real value of Windfall will be when it is mined. If shareholders are selling because the FS is not to their liking, then it's because they don't understand how the rules