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Osisko Mining Inc. (OSK.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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3.9700-0.0100 (-0.25%)
At close: 04:00PM EST
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  • D
    Dave
    Something is brewing ..... I feel OSK is going to merge soon .... Just like Great Bear!
  • D
    Dave
    The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
  • W
    Willy
    this stock is so underrated, looking forward to the 6.25
  • Y
    Yahoo Finance Insights
    OSK.TO reached a 52 Week high at 3.92
  • M
    Miner
    Here's the deal:

    1) Northern loans Osisko $154 million in exchange for semi-annual payments bearing 4.75% interest, OR, if Northern chooses, an equivalent number of shares at $4 per (154 mill divided by 4 = 38.5 million shares). If Osisko makes payments the number of shares Northern might get via the conversion would go down proportionally.

    2) In addition, Osisko and Northern are presently negotiating the terms of an earn-in joint venture which would allow Northern up to a 50% in the project. If an agreement is reached, the $154 million can be converted into a larger interest at a premium of 125% of the concurrent share price. Example, if the share price is $4, Northern's added interest (above 50%) would be calculated at $5, thus lowering the number of shares Northern would receive and increasing Osisko's coffers (for the development of Golden Bear as a stand alone 100% owned project?)

    3) The debt is redeemable by Osisko any time after the second anniversary of the agreement's signature date. Meaning, none of the above is binding.

    It is clear management is finally taking vigorous steps to securing the money to build a producing mine AND mill. How well we retail investors do will depend on the minutia of the joint venture agreement and which option (1, 2 or 3) is exercised. In total, I believe today's news is very good. GLTALs.

    Miner
    Bullish
  • D
    Dave
    Who's going to buy Osisko? Will it be AEM? Will it be Pan American? Will it be Barrick? Will it be Newmount? Whomever ..... Osisko is a giant ripe apple - ripe for the right taker! Get aboard now and ride the money train to cash junction! Whoo Whoo!
    Bullish
  • H
    Hammer
    Kinross offer for great bear resources today's news is awesome . I pray osk suffers same type outcome, value growth and more. I believe great bear has great open pit and underground potential . open pit equals quicker start up , profit generation. their intercepts are long compared to Windfall widths but the drills turning keep adding to the story 😀 at both sites . good news for red lake camp future for all stakeholders .
  • J
    Jan
    I seem too not understand drill results for this mine. They have meters and meters of actually ounces per ton not grams. But it goes nowhere! The one hole mentioned in the latest drill result is 18.5 oz per ton and they have had so many much much higher. What gives. I sold my 1000 shares. Will buy back after tax season. Fishy I don't know ?
  • M
    Miner
    Correction; in the example of Northern getting an interest greater than 50% it would not receive additional shares. The added interest would be its reward while the money crystalized from that further interest would be Osisko's monetary gain (again, I suspect, to pursue Golden Bear on its own.)
  • Y
    Yahoo Finance Insights
    OSK.TO reached a 52 Week high at 4.08
  • Y
    Yahoo Finance Insights
    OSK.TO is up 5.83% to 3.63
  • M
    Miner
    Took another bite this week. This stock is acting like it wants to go up biggly. Biggly drill results from Windfall AND Golden Bear right ahead. Easy three year hold for a two bagger from these levels. Then production beings. Oh yes!

    Miner
    Bullish
  • M
    Miner
    The disappointing share price performance convinced me to re-read the Sept corporate presentation. My takeaway; full production slated for '24/'25, approximately $500 million (US) needed to cover construction costs, bulk sample from Triple Lynx near at hand, Golden Bear discovery will add significant reserves.

    Sooner, but probably later, the market will be forced to recognize Osisko's tremendous upside. The upcoming bulk sample and Golden Bear drill results should (imho) give a crystal clear view of what is to come upon full production. This "derisking" ought to lift the share price back into the $3s if gold holds above $1700. The PEA's base case was calculated with $1500 gold.

    Miner
    Bullish
  • D
    Dave
    Osisko is in proximity of Kirkland Lake mine(s) .... Things are booming at Kirkland Lake and the pay streak flows down into Osisko, Wallbridge and Bonterra. I haven't bought any Bonterra yet but I only have my kidneys letf to sell! Good luck all because Osisko has already put one world class mine into production and they are going full steam ahead!
    Bullish
  • A
    Andy
    Massive volume today of 34million v approx 1 million normally but no news announcement which seems odd?
  • Y
    Yahoo Finance Insights
    OSK.TO is up 5.15% to 3.06
  • s
    stocktargetadvisor
    $OSK.CA
    Maintains CIBC World Markets Outperform CAD 6.25
  • D
    Dave
    Osisko will fly to $10.00 CAN plus within the next 18 months .... all aboard the train is leaving with or without you!
    Bullish
  • F
    Frederick C.
    Somethings afoot: a day before earnings there is a big jump on volume.
    Bullish
  • F
    Frederick C.
    Excellent, encouraging commentary just published on Seeking Alpha by Taylor Dart. He adds more comparative commentary to the recent drill results. I recommend you take a look. It is positive for Osisko.
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