TheDailyGold: My Top Exploration Stock Pick...

Published: Mon, 10/21/19

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Monday, October 21, 2019

 
 

My Top Exploration Pick
 

The precious metals sector remains in a correction and it could continue in the form of a consolidation for at least a few more months. Its during times like these where our research and analysis can set the stage for big profits during the next impulsive advance in the sector. In short, I want to highlight and focus on the names positioned to be big winners in the near future. 


I'm writing to you today to inform you of my top exploration pick and one of my largest holdings. If you were going to build an exploration company out of nothing, you would almost copy this company.  


It has many strong characteristics. 


The capital structure is excellent. The share structure is tight and the company has quite a bit of cash. It won't need to raise for potentially another 24 months. 


Insiders own a fairly high percentage of the stock and two major miners own the stock. The retail float is tiny. The stock moves aggressively on good news. 


It's flagship project is located in a very favorable jurisdiction and has shown the kind of high-grade potential that gets majors really excited. The company's drill results have steadily improved as they've learned more and more about the geology. 



This is the type of project where if they can make a major discovery or show 3M-5M oz Au potential then the stock could have 5-fold potential from here or even more. 


Technically, the stock is in a great buy spot. It has corrected roughly 30% but it remains well above its long-term moving averages. So its in a long-term uptrend but correcting. And, in looking at its chart, I don't see more than 10% downside from here. 



Finally, this company does not need the Gold price to go to $1800 to be very successful. Of course that will help. The larger point is the company has a project that has significant potential whether the Gold price is at $1300 or $1800. 


This is just one of those no-brainer buys if you are an investor in juniors. I wish I could find a handful like this.


The company is the second largest holding in our model portfolio and you can find the company report on it on pages 11-15 in the Company Reports file. 



We were not paid to write this nor do we have any relationship with the company. We are a shareholder and simply want to share this opportunity with you, as you are not yet a subscriber of TheDailyGold Premium



One of our subscribers recently emailed us and wrote:

I have seen and tried a few of the news letters. Yours is by far the best, yours is the only one that really gets the technical analysis down. Fundamentally I really like your picks they are all low risk minimal downside with huge upside. I have found some of the other news letters pick a lot of risky exploration stocks or they simply have far to many companies. You seem to sift through the best and recommend a simple more condensed list with big upside.

 

Click Here to Learn More



This is the time to be buying companies like this one. You'd rather be a few months early than a week late. Click the link below to learn more and subscribe to our service.

 

TheDailyGold Premium