PDAC 2020 Junior Resource Stock Picks From Brent Cook

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.

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Hannan Metals Limited (TSXV:HAN):

  • A $13 million market cap company with about $2.4 million in cash
  • Will spend more than $1 million this year on exploration
  • Picked up a property in Peru in a sediment-hosted copper zinc silver system, conceptually similar to Ivanhoe Mines’ Congo play – world-class systems, he said
  • Hannan has proof of concept and a one hundred kilometre trend in which the Company has found outcropping copper mineralization
  • Stock could become a “10 bagger” if the Company is successful

HighGold Mining Inc. (TSXV:HIGH):

  • 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