Eloro Resources is drilling with 3 (soon to be 4) rigs.
Expectations: I think the market is underestimating what the company has already hit. With that said it can get swingy but I believe potential dips will be transitory. The almost 500m long mineralized interval should be assayed within a few weeks. I am HODLing into results.
Ophir Gold could get wild once they start drilling which should be soon I think.
Expectations: Relatively low risk drill hype ramp
Idaho Champion plans to drill Champagne in July. Still a month or two until people won’t be bored any longer but the target is big and the company has attracted some heavy hitters…
Expectations: Relatively low risk drill hype ramp
Prosper Gold has seen a lot of insider buying and will be drilling soon. Chart looks good and it’s a tier 1 target.
Expectations: Relatively low risk drill hype ramp
NuLegacy is being sold because people are front running shares from PP becoming free trading I think. This could swing a lot depending on news sooner rather than later. The company has been drilling for several weeks so we are in the high risk/high reward zone.
Expectations: Wild swings, up or down.
Eskay Mining will have one of the most exciting drill campaigns in Canada and I think it’s just a month or so until drills start turning there (Three rigs in total I believe).
Expectations: Relatively low risk drill hype ramp
Cabral Gold is continuing its broad drill program in Brazil
Expectations: Stock has come down so I have no problem HODLing results since the company already has around 1.5 Moz as margin of safety.
Mayfair Gold will soon be up to 5 rigs.
Expectations: Already has 2 Moz so almost riskfree upside in my book. HODLing through results quite comfortably.
Labrador Gold will keep on drilling its 20,000m program
Expectations: Some drill hype ramp but we are in the high risk/high reward period so expect swings.
Goliath Resources should not be too far off from drill start.
Expectations: Relatively low risk drill hype ramp
Juggernaut Exploration should not be too far off from drill start.
Expectations: Relatively low risk drill hype ramp
FireFox Gold is expanding it’s drill program in light of visible gold seen in core
Expectations: Can get swingy on results but company is cheap so I’m HODLing into first results.
Lion One Metals is currently drilling with 6 rigs.
Expectations: Stock has been sooo boring that I don’t see how news can be bad enough to warrant a setback. HODLing this brownfield drilling since the company has both a resource and a PEA as backing.
Closing Thoughts
I think I will see some relatively easy >30% returns in many of the stocks above without taking assay risk. The ones that are already drilling and which we are waiting for assay results can get swingy.
Note: Not investment or trading advice. I own shares of all companies mentioned and most are banner sponsors. Assume I am biased and do your own due diligence.
Best regards,
The Hedgeless Horseman