Post by
idlefreebird on May 03, 2023 8:27am
The big debate would be share dilution vs Joint venture
Osisko need to raise capital to fund this mill at over $800 million ..now to get money share dilution and debt would be the primary sources...how much dilution is a fear for shareholders as debt would be paid back with each producing ounce...Therefore with Gpldgield paying two trancfhes of $300 million and then forking out 50% of the build afterwards they actualy commited to build our mill at Windfall as they gave Osisko there moneys for there 50% up front and through in a smooth 75 million for exploration of the camp..therefore no share dilution and half the profits...we would've given away half the profits abyway through share dilution..here we have a competent team on our side ..therefore after reviewing i'm satisfied and we move forward...glta
Comment by
siena1 on May 03, 2023 8:31am
Yep that is how I see it ifb and debt is no longer cheap ....better a freebird in the hand! .
Comment by
idlefreebird on May 03, 2023 8:44am
lol siena1 ..yes for sure now let's drill for the next Windfall before the primay build lol we might be feeding it with two mines of high grade ore..glta
Comment by
idlefreebird on May 03, 2023 9:18am
SR79 , YES THEY GO DEEP ..MANY YEARS AND MANY OUNCES..GLTA