Her other two junior gold selections gained 71% and 74%
SmallCapPower | September 16, 2016: While the current junior resource bull market began back in January, it doesn’t mean those who jumped in post PDAC were late to the party. “Resource Maven” Gwen Preston spoke with SmallCapPower in March of this year (watch the interview), and her top pick has soared 102% since.
At the time, Gwen said she thought Auryn Resources Inc. (CVE:AUG) has an interesting gold exploration project in Nunavut with “good odds of success,” but that they were also looking for other assets to acquire. She added that she liked the management team.
Since that interview, Auryn’s stock price has appreciated about 102% to its current share value of $3.07. The Company’s Committee Bay Gold Project in Nunavut includes more than 380,000 hectares situated along the Committee Bay Greenstone Belt, with an Indicated resource of 683,000 gold ounces grading 4.91 g/t, as well as an Inferred gold resource of 965,000 ounces with an average grade of 5.43 g/t.
On June 14, 2016, Auryn announced the acquisition of Homestake Resource Corporation in an all-stock transaction valued at about $8.9 million. Homestake’s Homestake Ridge Project covers approximately 3,600 hectares within the Iskut-Stewart-Kitsault belt in British Columbia with a high-grade gold and silver resource. Homestake had apparently spent $35 million in exploration work on this project.
Gwen Preston’s other junior gold picks that day? Newmarket Gold (TSE:NMI), which has jumped 71% since and B2Gold Corp. (TSE:BTO), which has climbed 74%.
Looks like the Resource Maven had the golden touch!
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with andis not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.