RE:RE:RE:RE:RE: Share pricesWhere did you find this information? Link please?
O3: 5Moz and largest land position,120koz pa on the wayFew realise that O3 has 5Moz;2Moz in Timmins, 2Moz at Marban, and multiple Val d’Or satellites the balance. Marban should cornerstone production with >100koz pa ‘in the bag’ in our view. Step back though, and it is evident that counter-cyclical aggression has allowed this junior to peg the largest holding in one of the most prolific belts globally, a prime position. Once again the majors were asleep as the wheel, and its going to cost them. O3 isn’t doing ‘more of the same’ either, with AI now sifting through new targets.Our PT is based on 0.4xNAV5%-1850, comprising C$495m Marban NPV, C$79m in cashand investments, and a nominal C$40m for resources outside reserves, putting the stock on just 0.27xNAV