Re: Is Osisko in Tyhee's Future?
in response to
by
posted on
Jul 12, 2016 03:02PM
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I think if we see more investment by Osisko into TerraX, Osisko will definitely try to consolidate the land package. This might be in the distant future however, as TerraX has much more work to do on their project. However, I am watching their recent private placement to see if they are able to raise the full amount ($7m) - http://www.terraxminerals.com/s/NewsReleases.asp?ReportID=754328
They have been successful in raising money in previous PPs ($5.2m and $3.2m in 2015 and 2016) so there is returning interest in funding exploration. Osisko Royalties has 14% of TerraX's shares, so building a Mill in this area and having the ore fed centrally to it from both YCG and YGP would make sense.