Opinions
Rick Rule
Osisko Development
ODV-X
DON'T BUY
Oct 12, 2023
$4.310
Stock price when the opinion was issued
Mining
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They plan to drill 200,000 meters for the next two years, backstopped by the Osisko teams (4 companies in total under Osisko). ODV was spun out of Osisko Royalties, though the parent still owns 75% of ODV. They have properties in BC and Mexico. They will release a feasibility study by the end of 2021. Well-run company. Post-study, he expects the company to decide on a mine in 2022. Lots of potential.
(Analysts’ price target is $11.00)
Mining
It's time will likely come, but he has a hard time understanding the geology of the project. He doesn't own stocks where he doesn't understand the geology. He holds OR instead.