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Crystal Lake Mining - A Golden Team

Dr. Kal Kotecha
1 Comment|May 21, 2019

I have been in the junior mining field writing my newsletter for over eighteen years.  During that time, I have met a whole assortment of people and I’ve seen my share of arrogant so-called leaders.  I’ve been on the ego see-saw, trying to balance out what the actual story is versus whatever nonsense the guy either on the top or in the IR department is trying to sell me. I am one that always tries to see the goodness in people.

Fortunately, I have learned a bit or two about the poker hands people try to represent, but as we all do, I still get bluffed. The key is recognizing the bluffers from the winners which is tricky to do in any poker game, let alone in junior mining. 

Along comes Crystal Lake Mining (TSXV: CLM) and the see-saw starts to balance - very refreshing.  Some weeks ago, when the company’s stock was trading around .30/share, I alerted my readers that I would be initiating coverage.  Crystal Lake is a junior exploration company based in British Columbia with one of the largest land packages in the red hot Eskay district in the heart of the famous Golden Triangle region. properties coveting the Golden Triangle region, a hot bed for exploration activity that may well become the next Canadian gold rush. 

Recently, I was invited along with many members of the team to Vancouver to network and attend the presentation. I have always found that direct experience is a better way to judge how a company operates than merely considering what I’ve been told in a phone call or what’s on the internet.  That is why with every sponsor/client, I insist on spending time with management and seeing the property.

The Crystal Lake team led by Richard Savage, President/CEO is an inclusive, genuine team who are down-to-earth and all-around a great group to be involved with. There was no poker face, they showed their hand right on the flop.

Richard started his career as an Investment Advisor in Yorkton Securities which later became Richardson GMP, remaining there for 28 years.  Based on the time I spent with Richard, I believe him to be a man of commitment and integrity. His passion for children charities really reflects the kind of person that he is. We spoke at great length about the importance of giving back and how we can help each other’s causes in helping others.

The event in Vancouver was top-notch.  Around 50 people attended the four-hour very informative Saturday morning presentation.  There were various other networking activities, all planned and carried out with precision. 

They have a real winner heading up Investor Relations in Sean Kingsley whom I’ve known for many years.  He is on the cover of Public Entrepreneur, Special PDAC Edition as one of the New Faces of Mining.  He brings a vast amount of investor relations experience and he lives and breathes mining.

The junior mining industry is very intricate, like a giant jigsaw puzzle where all the pieces have to connect in just the right way. It took me many years to figure out how a whole mining project is connected and am still learning.  Yes location is key, but you also have to look at the operations behind the drilling and exploration and you need to consider the team as a whole – the management, drillers, geologists, marketing team etc.

In their property negotiations, Crystal Lake obtained what seems to be a stellar deal, in particular, with the Newmont Lake project in the Golden Triangle Region, which seems to be the most intriguing project out of the three main ones that Crystal Lake is currently managing. 

According to Dr. Peter C. Lightfoot, Technical Advisor for Crystal Lake, “There are vast tracts of unexplored and underexplored ground within the Newmont Lake Project to feed an already large pipeline of quality targets rarely seen on one property.  This has me and our discovery team extremely excited for 2019.”[1]

Investors always hope for a royal flush type of a hole, but one mammoth hole is usually not a determinant of a long-term successful drill program.  You have to have a series of successful holes that show the potential advancement of the project. 

In initial drilling undertaken at Burgundy Ridge (part of the Newmont project) in the fall of 2018, the holes suggest that there exists intervals of copper-rich mineralization with gold and silver.  

Drilling should commence in early summer after the snow melts, but of course, Mother Nature may have some say in this.

No matter what cards Crystal Lake is holding, the investors should not be bored as they await the drill results. 

Currently, resource stocks are not considered sexy as they were in 2010/2011.  A big discovery could very well change that.  The potential is here which would make Justin Timberlake proud.

In the next little while, I expect to be putting on my stomping boots again and visiting the project.

In summary, I will say this.  It is easy to criticize but it can be hard to praise - especially when praise is called for.  In my case, some of this comes from my experiences of rarely meeting a President who actually listens and puts the team first.  In fact, I’m pretty used to being introduced/speaking with President’s who feel like they know-it-all, when their hold cards are just a deuce and seven.   Richard Savage exemplifies the complete opposite of this and any company that knows its’ worth would be wise to follow his directorial method. 

I took away from my time in Vancouver that Crystal Lake has compiled a great team of people and that their interest for the stockholders seems to be a genuine priority.  That integrity along with a phenomenal exploration plan and the right experts, in my opinion, is a recipe for potential high success.

To be rewarded in buying mining shares, it is generally prudent to invest before the drill results are released on a property with amazing potential. Although no one can guarantee the performance of any stock, the risk reward ratio seems to be favourable in this particular case.

I know a good possibility when I see it. Some have even listened to me. With cautious optimism and great enthusiasm, I am involved with Crystal Lake Mining that has one of the best management teams I have ever seen along with one of the best stories I have heard in many years. They seem to be dealt pocket aces that may very well hold up on the river. 

Crystal Lake Mining is a sponsor.

As always, do your due diligence.

Happy Investing!

Dr. Kal Kotecha

TO JOIN OUR FREE NEWSLETTER PLEASE VISIT: WWW.JUNIORGOLDREPORT.COM AND WWW.STOCKTRENDSREPORT.COM

[1] https://www.crystallakeminingcorp.com/projects/listing/2/Newmont-Lake-Property/

 

Disclaimer

© 2018 Stock Trends Report/© 2010 Junior Gold Report

 

Stock Trends Report/Junior Gold Report Newsletter and website: Stock Trends Report Newsletter/Junior Gold Report Newsletter and website is published as a copyright publication of Stock Trends Report/Junior Gold Report (STR).  No Guarantee as to Content:  Although STR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein (newsletter and website). Any statements expressed are subject to change without notice. It may contain errors and you should not make any investment decisions based on what you have read on here. STR, its associates, authors, and affiliates are not responsible for errors or omissions. By accessing the site and receiving this email, you accept and agree to be bound by and comply with the terms and conditions as set out herein. If you do not accept and agree to the terms you should not use the Stock Trends Report site or accept this email. Consideration for Services: STR, it’s editor, affiliates, associates, partners, family members, or contractors have currently an interest or position in the Crystal Lake mining, as well as other sponsored companies which compensate STR. As such our opinions should be viewed as being biased. We hold options in and trade these stocks of the companies we profile and as such our opinions are biased. STR and its’ owner and affiliates/associates may buy/sell and trade the featured companies from time to time. STR has been paid by Crystal Lake Mining. Thus, multiple conflicts of interest exist. Therefore, information provided here within should not be construed as a financial analysis but rather as an advertisement. Conduct your own due diligence: The author’s views and opinions regarding the companies featured in report(s) are his/her own views and are based on information that he/she has researched independently and has received, which the author assumes to be reliable. You should never base any buying/selling/trading decisions off of our emails, newsletter, website, videos or any of our published materials. STR aims to provide information and often stock ideas but are by no means recommendations. The ideas and companies featured are highly speculative and you could lose your entire investment – consult a licensed financial advisor if you are considering investing in any of the featured companies. Subscribers/readers are encouraged to conduct their own research and due diligence. The companies mentioned are high risk and considered penny stocks that contain a high risk of volatility, therefore consult your investment advisor and do your own due diligence before purchasing. Never base any investment decision on information contained from our emails, newsletter, website, videos or any of our published materials. No Offer to Sell Securities: STR is not a registered broker dealer, investment advisor, financial analyst, stock picker, investment banker or other investment professional. STR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: STR may contain links to related websites for stock quotes, charts, etc. STR is not responsible for the content of or the privacy practices of these sites. Information contained herein was extracted from public filings, profiled company websites, and other publicly available sources deemed reliable. Information in this report was taken on or before writing and dissemination and may not be updated. Do you own due diligence as information and events can and do change. Published reports may reference company websites or link to company websites and we disclaim and responsibility for the content and accuracy of any such information or website. Release of Liability: By reading the newsletter/website and/or watching videos by STR, you agree to hold STR, its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

 

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Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by the use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "has potential to", or "intends' or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company's business model; future operations, products and services; the impact of regulatory initiatives on the Company's operations; the size of and opportunities related to the market for the Company's products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Stock Trends Report does not take responsibility for the accuracy of forward looking statements and advises the reader to perform their own due diligence on forward looking numbers or statements.


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