Radar Screen Pick – GMV Minerals (GMV.V) Shooting for a Hat Trick
For those following my interview shows closely, you are aware of the recent interview that I did with Eric Coffin to discuss stocks. He mentioned a junior mining stock that immediately caught my attention, we started discussing their project and ended up having a lengthy conversation about their story. I noticed right away their known discovery sitting right beside a geophysical anomaly with several other similar targets nearby.
This sparked a deeper chat, Eric told me the geologists were seeing the same geophysical anomalies right along or at the intersections of geological structures as I was. Some of the targets also had surface sampling near them. The company has a two-pronged approach with a known resource of oxide gold that has compelling recovery and mining characteristics. The other is the exploration side, I’m most interested in the exploration side as I think it will open the company up to a much larger audience that will also take a more positive outlook on the potential of the known discovery.
My new addition to the Radar Screen Picks is a company with a compelling gold exploration and development story. Radar Screen Picks are purely for investors looking for cheap stocks they can get in on the ground floor, well before the elevator starts to make the move to higher floors.
These are dirt cheap picks that are under-loved and ready for a change. They just need someone like me to come along and help them find a new audience of sharp and patient investors.
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Nevada Exploration (NGE.V)
Gold focused in Nevada, using a unique gold exploration method to unlock Nevada’s under-explored regions. Visit their website at www.nevadaexploration.com to do your homework.
Premier Gold Mines (PG.T)
Gold focused, with an enviable portfolio of projects from exploration to mining in Ontario, Nevada and Mexico. Visit their website at www.premiergoldmines.com to do your homework.
Sirios Resources (SOI.V)
Gold focused, drilling high-grade gold target at Cheechoo project in Quebec, located next door to Goldcorp’s Eleanore gold mine. Visit their website at www.sirios.com/en/ to do your homework.
Tarku Resources (TKU.V)
Grassroots gold exploration in Quebec, near a mine and road being built to open mining region near Quebec’s first diamond mine. Visit their website at www.tarkuresources.com to do your homework.
West Red Lake Gold Mines (CSE: RLG)
Gold focused, drilling high-grade gold, targeting the Hinge Zone in Red Lake, with Goldcorp as their partner. Visit their website at www.westredlakegold.com to do your homework.
Wolfden Resources (WLF.V)
Base metals focused, with a discovery of high-grade nickel-copper near Snow Lake, Manitoba. Visit their website at www.wolfdenresources.com to do your homework.
He shoots…maybe he hits a hat trick
GMV Minerals (GMV.V)
The following day after Eric Coffin and I spoke about GMV Minerals at length (here is the interview, GMV part starts at 52:15 point) concerning their project the stock took off. I have been waiting ever since for it to cool down somewhat so that I could put out an official report on them.
It was pretty obvious that the audience watching that interview liked what they saw when I had a chance to watch it myself, it became even more clear to me their potential. Following the interview, I had a chance to talk to Ian Klassen, President and CEO of GMV Minerals. I wanted to get a sense of how committed they were to exploration as it looked like they have been mainly focused on advancing the Mexican Hat discovery.
As I mentioned earlier, Mexican Hat is an oxide gold discovery with very good recovery grades and processing characteristics. Basically, it is really easy to recover the gold from the rock in this oxide deposit, it is right at the surface so it would make money right away. The only issue is that it is small and would struggle to be a stand-alone mine.
This is where the exploration comes in, if they can make addition discoveries, then it is game on for the company and its growth prospects. From my conversation with Eric Coffin and Ian Klassen, I get the impression GMV Minerals leadership has seen the light when it comes to exploration.
In looking at their discovery, geological structures, surface sampling, and geophysics, I can clearly see several targets that could lead to exploration success with drilling.
One of the great things about my shows is I get to pick the brains of my guests to find hidden nuggets of wisdom while my audience watches. I ask my guests on because they are very good filters and are out there every day like me, looking for stocks.
Eric Coffin is a great filter for his subscribers and when he is on my show we get to benefit from his searching for good stocks to talk about. An added benefit of guests like Eric is that I can then filter through my guest’s picks to find the ones I like the most and feature them in my report.
GMV Minerals has recently raised funding that is earmarked for exploration so it looks like there is a group of financiers that like the exploration potential as much as I do.
What’s next? I will be looking for additional news on the drilling front. I have also invited the company to become a member of my website sponsorship program but told them I wanted to get this report out first.
Stay tuned for more, I’m confident we will have lots to talk about soon concerning GMV Minerals and their Mexican Hat project. Maybe they can even find more of these hats to score a hat trick.
All the best,
Allan Barry Laboucan
P.S. my reports are for information purposes only, before making any investment decisions it is important to do your homework and speak with your financial advisers.