Q: what is your option on the out look for 03mining or can you suggest an equivalent stk ?
5i Research Answer:
OIII is $106M market cap, down 36% this year. It has $21M net cash, but no revenue, losses and has negative cash flow. It is a developer with all assets in Quebec. Its projects have potential, but more spending and drilling is needed to define resources. It is still a long way from a producing mine. Osisko owns 17%, Insiders own 7% and have been buyers this year. Like all developers there is risk as well as potential here. There is not 'enough' potential right now for an endorsement, in our view.