Questions for Auryn Resource or Osisko Metals – Please Send Them In!
I will be chatting with Ivan Bebek, Executive Chairman at Auryn Resources and Jeff Hussey, President and CEO at Osisko Metals on Friday. Please send me your questions to Fleck@kereport.com.
Here are the recent Auryn news releases…
February 19, 2019 –New Targets Identified through Machine Learning at Auryn’s Committee Bay High-Grade Gold Project
February 15, 2019 –Auryn Appoints Jeffrey Mason to its Board of Directors
February 13, 2019 –Auryn Resumes Trenching at Sombrero Copper-Gold Project
January 30, 2019 –Auryn Applies Machine Learning for Targeting High-Grade Gold at Committee Bay
January 7, 2019 – Auryn Identifies Significant Copper Mineralization at New Prospect Near Sombrero
Here are the recent news releases for Osisko Metals…
March 3, 2019 – OSISKO METALS INTERSECTS 18.66% ZINC+LEAD OVER 20.73 METRES AT PINE POINT
February 20, 2019 –OSISKO METALS RELEASES MAIDEN MINERAL RESOURCE ESTIMATE FOR EASTERN BATHURST MINING CAMP PROJECT
February 12, 2019 –OSISKO METALS INTERSECTS 9.15% ZINC + LEAD AND 0.54% COPPER OVER 10.0 METRES AT TITAN ZONE, KEY ANACON
February 7, 2019 –OSISKO METALS INTERSECTS 12.64% ZINC + LEAD AND 0.19% COPPER OVER 20.70 METRES AT KEY ANACON – MINERAL RESOURCE ESTIMATE EXPECTED IN Q1
January 29, 2019 –OSISKO METALS INTERSECTS 14.87% ZINC+LEAD OVER 12.74 METRES AT PINE POINT AND GRANTS STOCK OPTIONS
Hi Cory,
For Osisko Metals – I’d be curious to dig in a bit deeper on 2 areas.
1) It would be good to get a review of the fundamentals for the Zinc/Lead market, as the price has only pulled back a bit, but most of the stocks (Trevali, Tinka, Vendetta, ZincX, Fireweed, Foran, Callinex etc…) have been hammered over the last year. Why is there such a disconnect in the metals pricing and the extreme pessimism in the Jr Producers, Developers, and Explorers?
Is Glencore going to flood the market sometime soon, or is there some other huge source of supply coming online, because if anything supply is tightening and above ground stockpiles and Comex reserves seem to be quite low historically.
2) I mentioned over a year ago, after Osisko Metals took over Pine Point (previously Darnley Bay) that after some investors got interested in that story, the overwhelming skeleton in the closet was discussing with the marketplace their plan for mitigating the water flooding in the mines.
Yes, they mentioned there was a budget for this in their economic studies, and they mentioned many of their pits don’t have water issues, but there were some very public spats over at ceo.ca and stockhouse, from previous Zinc mining engineer & negative blog sits, that really put Darnely Bay under fire about the historic challenges with water, some of the reasons the mines were initially closed, and the hurtles any company would have to overcome and pay for if they wanted to really go after some of the best resources at Pine Point for Zinc.
I’ve never heard Osisko Metals address this elephant in the room for all these interviews you’ve done with them on the KER and I’ve written about this several other times before.
Until Osisko Metals really addresses the investing marketplace openly and candidly about their water issues, their reality, their plan forward, and how it will work….. then most retail investors just won’t pay attention to their exploration discoveries or news releases in my opinion (as an avid fan and investor of the Zinc Jr market and one that follows the limited buzz in this sector).
If they address the 800 lb gorilla in the room so that investors know there is a real path forward, which I believe there is, then it would help their perception greatly.
This was a great exploration hit from Osisko Metals, in their recent news release, and it should be garnering much more attention. Until they set the situation straight regarding the plan on the water mitigation, then many Zinc investors will stay away.
It is sad to see great exploration work being mostly discarded due to a perception problem. While they may not like discussing the water, they should at least address it clearly, calmy, and publicly and talk through the concerns and reassure folks that they have a solid plan to address it and profit from the mines if put back into production.
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Osisko Metals Intersects 18.66% Zinc + Lead Over 20.73 Metres at Pine Point
by @nasdaq on March 4, 2019
https://ceo.ca/@nasdaq/osisko-metals-intersects-1866-zinc-lead-over-2073
Canadian juniors shifting focus to Africa, away from South America
Frik Els | about 13 hours ago
http://www.mining.com/canadian-juniors-shifting-focus-africa-away-s-america/
Brent Cook of Exploration Insights at the March 2 – 3, 2019 Metals Investor Forum
MIF March 2-3, 2019, in Toronto – Brent Cook, Economic Geologist, Exploration Insights – “Exploration Due Diligence | Geology Does Matter”
Joe Mazumdar of Exploration Insights at the March 2 – 3, 2019 Metals Investor Forum
MIF March 2-3, 2019, in Toronto: Joe Mazumdar, Economic Geologist, Exploration Insights – “The sixth extinction? Adapting to the new financial ecosystem”
Eric Coffin, HRA Advisories at the March 2 – 3, 2019 Metals Investor Forum in Toronto.
MIF March 2-3, 2019, in Toronto: Eric Coffin, HRA Advisories – “Up Is The New Down”
Jay Taylor, J Taylor’s Gold, Energy & Tech Stocks at the March 2–3, 2019 MIF
Metals Investor Forum – “2019 – Which Safe Haven Markets will Dominate?”
Gwen Preston, Publisher, Resource Maven at the March 2019 Metals Investor Forum
MIF March 2-3, 2019, in Toronto: #VIDEO
Gwen Preston, Publisher, Resource Maven “Two potential paths (both golden)”
John Kaiser, Kaiser Research Online at the March 2019 Metals Investor Forum
MIF March 2-3, 2019, in Toronto #VIDEO
John Kaiser, Kaiser Research Online – “Seven years of famine, what follows, feast or extinction?”
Greg McCoach, The Mining Speculator at the March 2019 Metals Investor Forum
#MIF March 2-3, 2019, in Toronto #VIDEO
Greg McCoach, The Mining Speculator – “2019 The Year GOLD Breaks Out”
Gwen Preston, Publisher, Resource Maven at the March 2019 Metals Investor Forum
#MIF March 2-3, 2019, in Toronto #VIDEO
Gwen Preston, Publisher, Resource Maven “My MIF Stocks”
It’s “Buy Time” For Gold Mining Stocks – Fund Manager
Mar 06, 2019
Bob Thompson Senior VP & Portfolio Manager, Raymond James
Why Gold Hasn’t Skyrocketed Yet: One Obstacle Remains – Analyst
Mar 06, 2019 #VIDEO
Derek Macpherson VP, Mining Analysis, Red Cloud Klondike Strike Inc.
Why Romania Wanting Its Gold Back May Mean More Than You Think
Mar 06, 2019 #VIDEO
Jeffrey Christian Managing Partner, CPM Group
Why $1,400 Gold Is So Critical Says Amir Adnani
Mar 04, 2019 #VIDEO
Amir Adnani, Chairman, Goldmining Inc.
Warren Buffett Doesn’t Need Gold, But You Do – Rick Rule
Mar 04, 2019 #VIDEO
Rick Rule President & CEO, Sprott U.S. Holding
Hi Cory,
For Auryn/Ivan
It sounds like Auryn may be splitting its company/projects into two stocks. I heard from Ivan that Homestake and Committee Bay may become one company. With Peru projects into another. Can you get Ivan to expand on this?
Financially it makes sense, but Ivan really hyped up his Peru portfolio. I’m very invested in it now and fear most people, including myself, may just instantly sell their Canadian project split off and double down on Peru.
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Second question. Auryn and their geologist have done an excellent job describing what they found so far in Sombrero. So I feel like I understand everything regarding the information they published. But recently Ivan released some trenching from a smaller claim they had, Milpoc, just south of their Sombrero Main claims. I’m curious on how Ivan is thinking about exploring their 120,000 HA going forward? Is the team going to go out looking for more bare exposed cliffs like Good Lucky, are they thinking about technology like drones? 120,000 HA is almost too much for one team to explore, so maybe they are just going to start with summer drill results and proceed from there?
Thanks Cory