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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Crusader who wrote (7851)	3/10/2006 7:37:52 PM
From: zoo york	Read Replies (1) of 78409

Hi Crusader! Have you looked into OSK? They are drilling off a porphyry deposit in the Abitibi gold belt in Quebec, and will probably outline a deposit of between 3 and 4 million ounces by the summer when they complete a resource estimate. However the stock is only trading at $3 a share, with about 45 millions shares fully diluted for a market cap of $135 million. My guess is that once they can increase the drill density to allow for a M&I resource, the company will trade at a multiple of $200 per ounce of gold in the ground, in line with peer juniors at a similar stage of development, and that would imply at least a $15 share price within 12-18 months. Because they are working to define bulk tonnage deposit that has demonstrated consistent grades, there is not a great risk that they will disappoint in future drilling. cheers! COACH247

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