- O3 Mining is one of the few gold juniors with a positive return in Q4, despite an 11% drop in the Gold Juniors Index.
- The company has seen an improved performance since releasing its Preliminary Economic Assessment for its Marban Project, which showed solid economics in a Tier-1 jurisdiction.
- While the stock is up over 30% since September, the stock continues to remains undervalued, trading at a valuation of below US$20.00/oz.
- I continue to see O3 Mining as a solid speculative idea in the space based on its relative undervaluation, and I see fair value for the stock closer to US$3.20.
For further details see:
O3 Mining: A Look At The Valuation After The Advance