The resource section of the BMR Top 50 Opportunities List unveiled in early December 2015 is up an impressive 185% in 9 months (247% annualized return) with two-thirds of those 39 picks posting triple-digit percentage gains.
This compares to a 57% advance for the Venture and a 22% climb in Gold during the same period. The TSX is up 11% since then, the Dow has advanced 3.6% while the NASDAQ is up slightly.
Individual category performances (comprising 50 stocks) are as follows:
PRODUCERS: Up 129%
NEAR-PRODUCERS: Up 198%
EXPLORERS: Up 186%
EXPLORER SLEEPERS UNDER A NICKEL: Up 284%
NON-RESOURCE: Up 26%
In tonight’s report is an updated performance review of each category through September 2, and comments on the best opportunities entering what should be a bullish final 4 months of 2016. During bull market years since 2003, the Venture has finished December an average of nearly 30% above its August close. Prices are up significantly over the last 7 months but they are going to go higher, and many stocks that haven’t moved much yet will start to join in.
Overall, 40 or 80% of the 50 picks have increased in value while 10 are down. Seventeen stocks out of 50 (34%) have surged 200% or more. The average return so far for all 50 companies is 150% or 200% on an annualized basis.
Pure Gold Mining (PGM, TSX-V), which released more high-grade drill results from its Madsen Project this morning, tops the list with a gain of 529% followed by Cordoba Minerals (CDB, TSX-V) at 515%, Lithium X Energy (LIX, TSX-V) at 468%, Kiska Metals (KSK, TSX-V) at 467%, Brazil Resources (BRI, TSX-V) at 413% and Gold Standard Ventures (GSV, TSX-V) at 345%.
Not included in the above statistics are the 49 recent additions (New Additions), companies that have been added at various times since late February – most of them in just the last few months. Combined, this group is already up 43% with Heart of Gold Camp leader Colorado Resources (CXO, TSX-V) setting the pace with a gain of 262%. The company expanded its drill program at KSP after hitting high-grade intercepts in two-thirds of its first 30 drill holes at the Inel zone including 25.7 m grading 9.2 g/t Au. CXO appears to have started a new uptrend after retracing to just below its rising 100-day moving average (SMA) last week.
BMR recently correctly predicted potential takeovers of both Dolly Varden Silver (DV, TSX-V) and Homestake Resource (HSR, TSX-V), up 244% and 64%, respectively, since we broke the story June 7 (click here) about Hecla Mining (HL, NYSE) purchasing 600 sq. km of claims in the Kitsault district (80 km SE of Heart of Gold Camp) near DV and HSR from a private group. Homestake is being acquired by Auryn Resources (AUG, TSX-V) while Dolly Varden has raised $7.2 million to become debt free and fend off a hostile takeover bid (at least for now) by Hecla.
Almadex Minerals (AMZ, TSX-V) soared 134% in August on a drilling discovery at its El Cobre Cu-Au Porphyry Project in eastern Mexico. AMZ closed at 95 cents today and has only 44 million shares outstanding. Meanwhile, Lion One Metals (LIO, TSX-V) has been trading near multi-year highs after announcing it has arranged a $41 million financing as well as a comprehensive engineering, procurement and construction package for the development of the company’s 100%-owned and fully permitted Tuvatu Gold project in Fiji. Also in Fiji, Thunderstruck Resources (AWE, TSX-V) is getting active and closed today at 12 cents.
Clean Commodities (CLE, TSX-V), formerly Athabasca Nuclear, has built a powerful Canadian clean commodity brand that includes a compelling package of recent Lithium property acquisitions, including a massive land package beside Nemaska Lithium (NMX, TSX) at Whabouchi, as well as strategic PGE, Uranium and Diamond properties. CLE’s large Labrador Trough Cu-Ni-PGE Project surrounds what could be an important drilling discovery-in-the-making at Northern Shield Resources‘ (NRN, TSX-V) Huckleberry Property.
Otis Gold (OOO, TSX-V), Battle Mountain Gold (BMG, TSX-V) and Purepoint Uranium (PTU, TSX-V) were all strong performers in August, climbing 50%, 49% and 31%, respectively. Otis and Battle Mountain are both in the midst of drill programs while NexGen Energy (NXE, TSX) has made a high-grade drilling discovery approximately 300 m south-southwest of PTU’s Hook Lake JV’s Spitfire mineralization.
1. The Norwegian central bank likes this emerging Heart of Gold Camp producer A LOT…
2. This Silver star under 60 cents jumped 10% today – a sign of things to come for both the stock and Silver…
3. The father-son team that’s making investors a lot of money…
4. Cashed up, under 10 cents, and time to accumulate before this Lithium-Cobalt play takes off…
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jon: finally, Clive Maund looks like he finally believes in Gold again: http://www.clivemaund.com/gmu.php?art_id=68&date=2016-09-05
Comment by STEVEN1 — September 6, 2016 @ 8:00 pm
Oops…that scares me (lol), Steven1 !!
Comment by Jon - BMR — September 6, 2016 @ 8:10 pm
Nice drill result tonight (34 m @ 35% Zn) from PSE on the CSE – too bad this wasn’t somewhere other than southern Turkey, though the company says its operations haven’t been interrupted there.
PASINEX DISCOVERS HIGH-GRADE PRIMARY SULPHIDE MINERALIZATION BENEATH THE MAIN OXIDE ZONE AT PINARGOZU
Pasinex Resources Ltd. has released outstanding results from 32 underground drill holes from the Pinargozu zinc mine in Turkey. Drill hole PPU16-030 intersected 34 metres at an average grade of 35 per cent zinc. Bonanza-grade zinc intersected in some drill holes approaches the grade of pure sphalerite (zinc sulphide) mineralization. Drilling was undertaken between early March and mid-May this year. These results now clearly show zinc mineralization with high-grade sulphide roots. This has major positive implications for the exploration potential of Pinargozu.
Comment by Jon - BMR — September 6, 2016 @ 9:17 pm
KXPLF about to move. People here (at one time ) were very high on this one but sort of lost interest last year. It’s back bigtime.
Comment by Carl Sundmacher — September 7, 2016 @ 4:19 am
Strong move in Nicola Mining (NIM, TSX-V) – NICOLA MINING INC. INTERSECTS 1.11% COPPER OVER 85.92 METRES AT THE THULE COPPER PROPERTY IN SOUTHERN BC.
Comment by Jon - BMR — September 7, 2016 @ 5:44 am
Imagine what will happen to NRN if they hit those numbers as well as nickel at depth.
Comment by Dan1 — September 7, 2016 @ 5:59 am
Jon, you mention Otis Gold briefly. In my opinion, this one may be a big winner this year as well. It certainly has appreciated in price as drilling ramps up. 3 rigs on site now and previous drilling revealed some nice intercepts between 2 and 4 g/t Au plus some holes ended in mineralization. drill results any day now.
Comment by Dan1 — September 7, 2016 @ 7:41 am
They (OOO) have a very good chance, Dan1, and they have been drilling where they intersected the highest grades ever on the property last year…excellent expansion potential.
Comment by Jon - BMR — September 7, 2016 @ 2:03 pm