Otso Gold Corp. V.OTSO

Investor coming...

[Corum1975]

Have a strong feeling we'll be seeing goldprice at 2000 by the end of this year.

 

This opens up a very distinct possibility of one of the bigger shareholders bidding for majority of the company, as current stockprice is a distance away from fair market value.

[rborhi]

If so they will have to pay up. Market cap for a soon to be 100,000 oz/yr AU producer with everything in place is in the $150 million to $400 million range these days, and only getting more expensive.  Gold now above $1800 oz USD as I write. At 100,000 oz/yr production, with a profit of $800 USD/oz, this company can be generating $109,000,000 CAD per year.  So what's that worth

[Corum1975]

Acquisition will be on CMP. The CMP is 0,06. Max 0,09. Your bet is 0,15. That's not possible with current capital structure. 

[calvin98]

Still waiting..

[rborhi]

Lots of gold/silver juniors moving this week with gold making a solid move over $1800. What a lost opportunity for OTSO for not starting up this month as planned, would have been perfect timing.  Well hopefully not a 'lost' opportunity, just postponed.

[triple3]

ya thats true rborhi i have finished buying  my OTSO shares but i am shopping for others like OTSO...the past two operators have damaged the reputation but not the potential of this project...i am looking around for other plays  that are undervalued or unloved and it seems that poor past performance creates bargains that are mostly working out well for me...i am hoping same with OTSO

[calvin98]

... yup everything changed after they took on the "rich" partners. This July startup was delayed, they want to enlarge the mill, enlarge the pits to include even the lower grades. But the new partners want to drill the whole d@m thing first, before anymore money is put into the mine. How big is this pot of gold . My guess.

[triple3]

Those are all good things in my mind with the exception of the cost to shareholders if we get too diluted with share count

[Corum1975]

Hi Calvin!   CMP today 0,065. Range 0,055-0,09. Majority Acquisition of company in this range. End of story. Take it or leave it. 

[calvin98]

yup corum you better sell today ! Please check back after production restarts.

[Corum1975]

"Hi Calvin! How's that CMP $0,15 coming along? 

[calvin98]

ya Im waiting for the . 03 to come back... Oh well , in feb I guess

[Corum1975]

Hi Calvin!   The same message would be shown to you next week, the week after that and every other as well.   The reason is simple, come what may, drilling etc, markets will not go forward and give a better valuation to OTSO more than the post-depreciation value of a non-operating mill.   Do you understand or do you need a copy paste next week as well? 

[rborhi]

I disagree, the market will pay up for an existing mill, growing gold reserves, existing permits, and good jurisdiction.  The delay must be what caused the pullback, remember we had broke above 10 cents for a short period.  Market might also be leery of past failed attempts at this mine by other groups.  Also, we have $1800 gold now and maybe going higher, which past management didn

[calvin98]

sooo is there another investor coming ? Doubt it. We have everything in place now except to find out how much gold is at depth. With gold 1750+ even low grade is worth mining.

[5ilverlining808]

Are you a miner, or a minor ? It is very easy to critisise while sitting on the side line and not being or having any experience in any game as a coach, mentor or player. Are you any of these ?? I hink not. On the Almonty board we have a poster very similar to you (matbe the same) and that one gets shot down every time by the best. Whinger or shorter ???