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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (8081)7/28/2014 7:20:36 PM
From: Goose94Read Replies (1) | Respond to of 202413
 
Buy Osisko Gold (OR-T) because royalty companies generally sell at higher multiples than operating mining companies, says the editor, since they do not have to worry about maintaining capital or margin risks. As well, if there is a low-risk operation anywhere in the world, adds Mr. Taylor, it would be the Malartic gold mine in Quebec, from which Osisko earns a 5-per-cent NSR. The mine is expected to produce 500,000 to 600,000 ounces of gold a year, which would translate to $32.5-million to $39-million for Osisko assuming a gold price of $1,300 an ounce. If the market turns to a "rabid pro-gold mania," Osisko's price to cash flow ratio could run much, much higher than 30 times. Says Jay Taylor, in the July 17, 2014, edition of Gold, Energy and Tech Stocks