The resource section of the BMR Top 50 Opportunities List unveiled in early December 2015 is up a staggering 183% in just under 9 months (251% annualized return) with two-thirds of the 39 picks posting triple-digit percentage gains.
This compares to a 56% advance for the Venture and a 21.5% climb in Gold during the same period. The TSX is up 9.6% since then, the Dow has advanced 3.0% while the NASDAQ is up slightly.
Individual category performances (comprising 50 stocks) are as follows:
PRODUCERS: Up 124%
NEAR-PRODUCERS: Up 188%
EXPLORERS: Up 173%
EXPLORER SLEEPERS UNDER A NICKEL: Up 282%
NON-RESOURCE: Up 27%
In tonight’s report is an updated performance review of each category through August 26, and comments on the best opportunities entering September.
In total, 40 or 80% of the 50 picks have increased in value while 10 are down. The average return so far for all 50 companies is an impressive 143% or 196% on an annualized basis.
Pure Gold Mining (PGM, TSX-V) tops the list with a gain of 548% followed by Cordoba Minerals (CDB, TSX-V) at 508%, Kiska Metals (KSK, TSX-V) at 500%, Lithium X Energy (LIX, TSX-V) at 470%, Brazil Resources (BRI, TSX-V) at 344% and Gold Standard Ventures (GSV, TSX-V) at 331%.
Not included in the above statistics are the 47 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 44% with Heart of Gold Camp leader Colorado Resources (CXO, TSX-V) setting the pace with a gain of 254%. The company has expanded its drill program at KSP after hitting high-grade intercepts in two-thirds of its first 30 drill holes at the Inel target including 25.7 m grading 9.2 g/t Au. CXO has retreated to its rising 100-day SMA at 44 cents.
BMR recently correctly predicted potential takeovers of both Dolly Varden Silver (DV, TSX-V) and Homestake Resource (HSR, TSX-V), up 228% and 68%, 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) has jumped 139% this month on a drilling discovery at its El Cobre Cu-Au Porphyry Project in eastern Mexico. AMZ closed at $1.04 today and has only 44 million shares outstanding. Meanwhile, Lion One Metals (LIO, TSX-V) climbed to a new 4+ year high last week after announcing that it has has signed a non-binding MOU for a contract and vendor financing agreement with Ansteel-CapitalAsia Global Engineering Inc. covering a comprehensive engineering, procurement, construction and financing package for the development of the company’s 100%-owned and fully permitted Tuvatu Gold project in Fiji. This morning, LIO announced it has arranged a $41.4 million financing at 92 cents per share.
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 as well as strategic PGE, Uranium and Diamond properties. CLE has firmed up modestly this month on increasing interest in its large Labrador Trough PGE Project surrounding what could be an important drilling discovery-in-the-making at Northern Shield Resources‘ (NRN, TSX-V) Huckleberry Property.
Battle Mountain Gold (BMG, TSX-V), Bonterra Resources (BTR, TSX-V), Otis Gold (OOO, TSX-V) and Purepoint Uranium (PTU, TSX-V) were among the top performers over the past 2 weeks on the Top Opportunities List.
Today, Otis jumped 11.5 cents to close at a new multi-year high of 39.5 cents as a drill program continues at its Kilgore Gold Project in Idaho.
1. The high-grade Gold producer that went in the opposite direction of its peer group last week…
2. Keep your eyes on the Dominican Republic!…
3. This non-resource stock with a history of explosive moves is giving encouraging signals again…
4. Cashed up, under 10 cents and ready to rock in September…
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