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Bullboard - Stock Discussion Forum Otso Gold Corp. V.OTSO

Otso Gold Corp is a gold mining company. The company's only segment being acquisition and exploration of gold resource properties. Geographically, it has a presence in the Americas and Europe.

TSXV:OTSO - Post Discussion

Otso Gold Corp. > Something is definitely not right
View:
Post by Spentit on Jun 22, 2020 3:05pm

Something is definitely not right

I dont understand when they say drill reports are required? A first class mine was built which does not come cheep. How do you raise money with out having some proof of reserves? The mill goes broke and is placed into recievership. Hepworth"s Firesteel team comes along and pickes it up for a song. The new team along with Callaway from Cannacord convinces more investors to finance the operation, quote - share will be worth 46 cents, all done with no verification of ore reserves. They go broke and Brian Westions team takes it over claiming they know how to make this project work and can have it up and running by June of 2020. Then guess what, more money is needed and a study needs to be done??? Hope this is not a money laundering project.
Comment by triple3 on Jun 22, 2020 8:31pm
Its expensive [lots of drilling etc] to put inferred ounces into reserves...there are many mines out there that mine withoout 43-101...think silver miners in Mexico that follow viens but saved millions by not doing a FS like OTSO is doing right now...but Firesteel ran rock that had low yeild because a FS was not done and not enough infill drilling...this is my assumption, i do not know for sure ...more  
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