Brent Cook believes one of his junior resource stock picks could turn into a “10 bagger”
SmallCapPower | March 3, 2020: At Sunday’s Letter Writer Presentations For Investors during PDAC 2020, Exploration Insights Senior Advisor and Founder Brent Cook said investors need to conduct due diligence before buying junior resource stocks. That being said, in his speech he mentioned two junior resource stock picks he likes at this time.
A high-grade gold, plus zinc lead silver system, in Alaska
Market cap of $37 million with about $13 million in cash
Enterprise Value of about $33 million
Exploration budget targeting $7 million for 2020
Uncertain geological model, maybe VMS – a good sign if geologists don`t understand
Could be “five times the share price” if HighGold finds the high-grade extension
Brent Cook says the downside at this point could be about 30%
Recent drilling hit mineralization beneath were they thought it should be
Has identified approximately 500,000 gold ounces at about 10 grams per tonne
HighGold Mining might also “get lucky” with its projects in Ontario
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