Undervalued junior gold miner + rising commodity prices Gold has been quickly coming back up to the $1900 levels even after the significant drop back in June caused by the Feds. This has been driven by 2 things, inflation and the Fed's reluctance to increase interest rates right away.
https://www.kitco.com/news/2021-07-14/Gold-price-reacts-Fed-s-Powell-says-he-hears-inflation-worries-loud-and-clear-but-remains-dovish.html
With gold sitting above $1800 comfortably, I’ve been looking/investing in a few different gold mining companies. The one I’ve been most excited about is St. James Gold Corp. ($LORD). With their recent announcements and solid stock performance over the past year (due to excellent results), IMO there's a lot more room to grow in this environment with rising commodity prices. Their Florin Gold project located up in the Yukon is especially exciting.
- Inferred resource of 2.474M oz of gold in 171M tonnes
- 16,572m of 61 previously drilled holes (more drilling and exploration coming soon, just secured a drilling contractor of up to 13,000m a few days ago)
- Less than 1% explored/tested for minerals meaning that there's a lot of room for discovery
- Recently closed $5M financing, meaning that they're all cashed up for current operations
More on their properties and projects here: https://stjamesgold.com/investors/
Overall, their Yukon property is very, very interesting. With rising gold prices and much more exploration in the future, $LORD will make many people a lot of money! Right now, it's sitting at $5.40 with a market cap of $104M.