India: A Myth
O3 Mining
I guess that when Beatles and the likes started going to India in the 1960s, cheap alcohol and drugs, a disorderly, feral society, and the celebratory, pagan aspects of temples made the western visitors erroneously conclude that India was some spiritual centre. It isn’t and will never be. Here is my conversation with an emerging Indian podcaster:
On Investments
- O3 Mining (OIII; C$2.25): O3 is selling its East Cadillac property to Cartier Resources. If this sale goes through, O3 will have monetized another project that is no longer of key importance to it. Cash and investments that O3 owns give it excellent downside protection. They are expected to release PFS on the Marban project in Q3-2022, attracting majors’ interest. I continue to see a nice upside in O3.
- Maritime Resources (MAE; C$0.12): They are expected to complete their feasibility study in Q3-2022 and make a construction decision soon thereafter. They will need to raise a significant amount of money to put the project into production, the reason why perhaps its share price has stagnated over the last few months. In my view, a merger between Maritime and Anaconda Mining should offer the best outcome.
Recently, Cory Fleck, Shad Marquitz and I had a linked talk about Montage Gold (MAU; C$0.75), Newcore Gold (NCAU; C$0.54) and Aztec Minerals (AZT; C$0.31) and why I like them.
Jayant Bhandari
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