Olivut Resources Ltd V.OLV

When this starts to move - it will be dramatic.

[dwightkerry]

This stock was hovering around $0.025 - 0.035 as nothing was happening due to COVID and financing conservatism.
But the team is not giving up. They've just raised some cash to put some gas into the tank.
They've spent over $20 million so far on the projects and the land mass they have for exploration is absolutely gigantic.
With thousands and thousands of square kilometres in a mineral rich territory - there must be other minerals or there other than diamonds which gives them optionality.
Probably even just a small start to some drilling or search for Diamonds will bring some speculation money into this stock - considering the potential reward.
At the end of the day keep in mind one of Canada's legendary miner's and co-founder of Franco-Nevada has invested heavily here and owns over 15 per cent of the outstanding shares. He's not a penny flipper which bodes well for shareholders.
At $0.20 it might be a gamble to hope for a ten bagger or beyond - but it's possible.
However here at $0.05 it's a speculator's dream ; backed by a wealthy expereinced team, a gigantic land package, and multiple options to discover alternative minerals.
Probably this goes to $0.065 next and then to $0.10 where speculators will still see lots of upside potential.
Of course if it starts a drill program it of course will go much higher just on speculation of any good news. There's always gamblers out there.
And on any good news of a hit or other mineral intersections - well this could be huge.

[JedDinvestor]

Dwightkerry: Agreed! Totally. You said it perferctly.  At $0.05, very little to lose, so much gain. And there is optionality there that was not there 5 years ago. I believe that it is not a  question if minerals are there. The question is can they be found. The Olivut team is excellent!  Good work! JD

[dwightkerry]

Thanks JD - Good to hear from another shareholder, we are in this together. Meaning we will need to help each other and the share price. I'll do my part by not selling till after some more drilling. And I'm always looking to purchase more. However, this is a tight float here. And I don't think there are many if any shares left at a nickel. Probably around $0.075 - 0.08 it will hit some

[Ekatikki]

But then they will have to raise +3,000,000 dollar instead of 300,000! Eka

[dwightkerry]

The current shareholders of the company and Management have already raised over $20 million in the past for part of this project. And people like Pierre Lassonde (a current large owner of this stock) have raised hundreds of millions. But the stock needs to be north of at least $0.15 before Pierre can start to seriously talk to his circle of strong supporters. As well Lassonde does not want to own

[JedDinvestor]

dwightkerry: Agreed! Excellent analysis. The only thing I think you may be underestimating is price. A 10-bagger from $0.15 is not a lot of money. Given the potential and growing need for minerals, I tend to think it would be a 10 or 20-bagger from the initial price jump or when the stock gets recognition and daily volume increases. This has been the pattern of my best producing speculative mining

[dwightkerry]

Thanks JD - I don't want to get too greedy. But that's the ideal case scenario you are mentioning. A couple of big discoveries in Gold, Diamonds or other key metals and minerals, which is possible in such a large prospective land mass and this becomes a 100 bagger. There's so much opprotunity here, but we need to get this above single digits, so we can do a bigger financing to widen

[stever50]

Well spread the news and get your friends to buy. 

[dwightkerry]

Hey stever50 : -  Let's be friends :) !

[dwightkerry]

And yet another 3 million ounce Gold deposit was announced today in our neck of the woods. See the news from Nighthawk Gold - NHK on the Venture. The NWT has to be recognized as one of the most prospective lands for Metals and Minerals on Planet Earth. And Olivut has interest in hundreds of  Square Kilometres. But again it's the current valuation, Management team and Key shareholder

[stever50]

Your correct guess Iam fed up been around for like 14 years bought in at first at 2.00 a share