Watching developments closely
We soon should be commencing a much stronger market for many of the small cap “junior” exploration stocks. Key point: The increased demand for gold and the diminishing supply will continue for several years; they are now part of a very bullish formula. Juniors having exploration success should be recognized and continue to be bought by larger mining companies as in the past.
We want to comment on several stocks. While we have had a period of seven years that offered investors opportunities to accumulate some metals stocks at extremely undervalued prices many have been overlooked…… Here are some thoughts on four stocks that based on our analysis merit attention. We want to analyze stocks while they are languishing at low prices..
Cartier Resources, symbol ECR, five year price range is a .06 cent low to a .35 cent high, exploration success provides 1,200,000 ounces Gold resources-and and and…we expect more soon; TSE and NYSE listed Agnico Eagle owns 17% of Cartier’s shares, other institutions own 14% with officers and directors holding large positions particularly CEO Philippe Cloutier a consistent large buyer; Cartier also has large European and American shareholders. We consider one of the most prescient mining acquisitions was Cartier’s purchase of the formerly producing Chimo mine which had ceased mining operations due to the low price of gold.
Imperial Mining, symbol IPG , three year price range .03 cents to .21 cents, new company (3 years) our interest is their Crater Lake scandium project which we classify as an exceptionally undervalued asset situation; also gold and base metals exploration and “rare earth minerals,” Canadian institutions own 36%, officers and management own 21% of shares, Key point is that we believe that Imperial can provide a long term sustainable supply of Scandium which strengthens aluminum and weighs 30% less than titanium which is currently used to strengthen aluminum, What we find to be of interest is the potential of the Crater Lake scandium project which we consider to be an exceptionally undervalued asset situation. MTF on Imperial Mining as the scandium situation develops
Golden Share Resources, symbol GSH, three year price range .03 cents to .27 cents, in our opinion a new CEO arrived and in our view rescued the company with his own cash; he has been a constant buyer of Golden Share stock, company has four projects of which “Berens River” (Ontario) is the one we find most interesting at this point-it was a successful mining area in the past, the other gold project “Band-Ore” has two significant zones of gold mineralization that have been outlined; GSH also has potential in two diamond projects in a previously significant diamond area and base metals exploration coming. We are waiting on further developments at Golden Share and believe more news will be forthcoming.
QMX GOLD, symbol QMX, five year price range .05 cents to .38 cents, owns one of the largest land packages (200 sq. kilometers) in the Val D’or area in Quebec which historically has been one of the most productive mining areas in the world. QMX currently has a major drilling program of 35,000 meters ongoing; it could be a “dark horse” that few are noticing.
Mining corporations own approximately 30% of QMX shares including Osisko Gold Royalties holding 14% and Probe Metals holding 9%. QMX Gold has a solid balance sheet, multiple highly prospective targets in the Val d’Or.” We expect positive news flow over the next six months. “We have met management and are quite satisfied and noted substantial insider buying of QMX shares.
We are going to be monitoring developments at the four companies and will update investors.