Windfall Revisited (not OT, as part of RN's historic and heroic fieldwork)
posted on
Oct 14, 2015 11:26AM
Would you believe it, 55.000 meters will be drilled around the bonanza hole 2007:
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OBAN Mining (OBM), Jose Vizquerra:
Consolidating different camps. We want to be a mining house. Oban is right arm of Osisko royalties as the mining side. Office in Montreal. Keep acquiring projects as we grow in market cap. We want to be producers. Looking for new discoveries around old mines:
We are explorationists - Andre Gaumond is helping us on Windfall and also in James Bay. Bob Wares also helping us. East of roundlake batholith, in Catherine Camp, proving a concept: finished 4.000m of drilling. About to get some of the assays back
hopefully we get good results and our first discovery if not we turn off the keys and go to the other project.
We need more work to prove that economics at Windfall are much better. We have to drill.
We believe there is potential for an open pit. We have a big change of having an open pit as well. Needs more drilling. Windfall will be a decent small mine. Keep consolidating to find the next anchor. With plan nord/energy the IRR will be >25% without having to spend money or find additional resources. Lac Minerals is our corporate example.
I for one have bought my way into the Windfall project, cash at OBN is at 1.38 CAD, assets look more than nice after all and the management of OSisko you get for free as well, now for sale indeed at 1.22 CAD. We will laugh about This one if all is done by This prime and Natural type of management so much needed in Canadian mining.