Post by
goldsoldat on May 28, 2021 2:08am
Price
I am an otso shareholder. Although the very recent price move upward may be due to drilling in Norway, there is another possibility. On June 28, Basel III rules come into effect in Europe (U.K. end of year). The current thinking is that the paper gold market will be heavily damaged or perhaps destroyed as a result. This would cause a physical gold price rise. OTSO has a large gold deposit in Finland, which, at a much higher gold price might become attractive for takeover or joint venture. Goldsoldat
Comment by
MinerGuy87 on May 28, 2021 10:57am
I think it's more related to the mine coming online at somepoint in Q3 (some point inbetween july and end of september, I'm not sure exactly when). There should also be multiple milestones acheived in the next coming weeks, and months and quarters, like technical reports and mine plans and finilization of the mining contract.
Comment by
calvin98 on May 31, 2021 3:54pm
When Nordic started pumping out the gold the stock went from . 05 to . 12.5 almost overnight. Too much dept then, mill needed rehab.