Luker

John Embry: 'When the Gold's All Gone, the Market Will Go Nuts'

Another Canadian junior mining exploration company with excellent potential, in the extremely mining- fiendly jurisdiction of Quebec, is Osisko which has a market cap at present of about $450 million.

7.5+ million ounces of gold measured and indicated
(43-101 compliant) on flagship property

will produce 500 thousand ounces of gold per year

net profit per ounce : $300 (conservative)

that's a cash flow of $150 million per year

estimated mine life of 15 years

2.25 billion!

Capital expenditure to bring mine onboard $750 million

2.25 billion - 750 million = $1.5 billion

Approximately 150 million shares outstanding

Shares sould be worth ~ $10.00 based on potential NAV!

Cash position ALONE of $150 million (~ $1 per share)

Trading for under $2.50 !!!!


Disclosure: 3000 shares LONG (2-3 years)