So, I guess I have posted some these thoughts before but as I've stated, I believe in the analysis of several mining market commentators that this summer is going to be a great great buying opportunity for gold and silver mining companies of all shapes and sizes. The question is, what's on your shopping list for Junior Micro-cap Exploration companies and why?
Kinik's Shopping List - Microcap Junior Explorers
1. Smash Minerals - SSH.V (I bought this very recently as I thought it hit a low) Management Team is from Underworld that found gold in Yukon and sold to Kinross. Staked out 3rd largest position in Yukon near Underworld find. Exploring now, wants to begin drilling in August.
2. Oremex - ORM.V - Management team from Orko Silver, who now that Orko is running good can focus on Oremex, in Mexico near Durango, lots of infrastructure built in, was mentioned on a different thread.
3. Pele Mountain Resources - GEM.V - Uranium/Rare Earth Element play. I love market fundamentals of both Uranium and Rare Earths. Going back to historical uranium mine, all infrastructure on place already, has recently found heavy Rare Earths (the more rare type). Drilling to expand resources.
4. Ashburton Ventures - ABR.V, I owned it, it popped, I sold it after they announced a very high grade drilling result. Drilling for more, stock has slumped due to market ADD and I'm going to own it again.
5. Abcourt Mines - ABI.V - Going back to a historical mine. Zinc/Silver play and dewatering a mine to actually produce. Has additional exploration potential. Could be a solid double (using a baseball analogy).
6. Columbus Silver - CSC.V - Another Silver Explorer going back to historical "brown mine" with historical resources. Thing is, only a small percentage of the property was explored and they have historical of 16 million oz of silver equivalent and another 45km of veins to drill. Santa Fe was going to acquire CSC but I don't know what is going on with that but provided that is resolved, just the properties themselves are supposed to justify the market cap.