- Osisko Mining has had another incredible year for exploration success, adding meaningful ounces at Windfall, and making a new regional discovery north of its focus area.
- The company has a busy 9 months ahead, with an updated resource due soon, a bulk sample at Triple Lynx, and a Feasibility Study which will kick-off the permitting phase.
- Based on my estimated fair value of ~$1.70 billion for Windfall when factoring in exploration upside and a conservative valuation of 0.80x P/NAV, I see significant upside from current levels.
- Given Osisko's scarcity value as a high-grade project with ~300,000-ounce per annum potential at sub $750/oz costs in a Tier-1 jurisdiction, I would view sharp pullbacks as buying opportunities.
For further details see:
Osisko Mining: Trading At A Deep Discount To Fair Value