Q: Good morning,
What are your views on Osisko mining?
Thanks,
George
What are your views on Osisko mining?
Thanks,
George
5i Research Answer:
We think OSK is a decent option as a junior miner and trades for good value at 0.9x price-to-book. The balance sheet is strong with a net cash position of $267.2M. The company's joint venture in the 'Windfall Project' results are looking quite promising right now while also displaying good progress. We think OSK is a decent option as a junior mining company. It is cheap on all metrics and management we think is good. Typical small cap and sector risks apply here.