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