Eagle Hill Exploration Corporation V.EAG

Oban drops to .065

[cindfx1]

Oban Mining Corporation

Exchange: TSX Exchange | Aug 26, 2015, 9:42 AM EDT

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OBM

$ 0.065 

Change:
-0.005 (-7.14%)

Volume:
335,500

[tomgranite]

6.5c X 20 X 47.1mil = market cap of $61.23mil. They have $65mil in cash - go figure!!!!

[LGreen]

Is Osisko smart buying at 11 cents? I think they know what they are doing. 

[tomgranite]

At 11c (pre roll back), New Oban has a market Cap of around $108mil, that puts a valuation of around $43mil on the properties. I find it impossible to put a value on gold in the ground in today's market. However, Osisko are in it for the long haul and they will be privy to the strategy that New Oban will have for the $65mil in a buyers market.

[handyrandy321]

The money Osisko puts in will only be a drop in the bucket needed. They will need hundreds of millions to build anything, and gold is unprofitable even for most senior miners. Another rollback after the 20 to 1 for the next financing will be needed.