Osisko Mining Announces Friendly Acquisition of Queenston

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Osisko Mining Announces Friendly Acquisition of Queenston

posted on Nov 12, 2012 10:37AM

http://community.nasdaq.com/News/2012-11/osisko-mining-announces-friendly-acquisition-of-queenston-reports-record-monthly-throughput-at-canadian-malartic.aspx?storyid=189022

Andrew on BNN just mentioned that the deal is roughly at $95-97 per ounce. That means that PEM should be worth much much higher in take over event. Let say that they can prove what Del said 1,22 MOz after this drilling program. That will put PEM price at 1,22 * $95 = $116 Millions and with 160 M fully dilluted shares after all warrants gets exercised we will come to $116/160 = $0,725 pps and that is almost 10 bagger from here, so this is great time to buy so many shares of PEM as possible before this fly to 50 Cents +++.