New JMP Pick: Trigger I've been waiting years for just hit on this nanocap copper story reboot
Recent volume and price trigger. Sitting 20km from two multi-billion copper and gold mines, with analogous geology, and preparing for its most ambitious exploration campaign ever. Drills this year.
We just added a new junior copper explorer to the JMP portfolio. And I will keep adding shares as long as it stays under a specific price point which I will discuss.
Under C$3 million market cap.
Sitting in a district endowed with rich copper and gold deposits in North America, with the proof being a long-running, world-class copper mine owned by a mining giant literally a stone’s throw away.
And another gold-copper mine owned by another mining giant, 20km in the other direction.
Around them, drills are turning, explorers are making discoveries, and active mines just received a multi-billion dollar life extension.
I’ve been tracking this company for years, in stealth mode, waiting for the right time to pounce. This is it.
This company has been all but forgotten by the market. But a phone call with the CEO confirmed to me they are preparing to gear up for a very active Spring/Summer. And I for one do not want to be left holding an empty bag.
Management spent the past 12 months quietly tightening up the share structure and preparing their flagship asset for the most ambitious ground campaign in the project’s history.
With copper skimming along $6/lb all year, a global supply crisis building, and this team preparing to plunge drills into very hot targets this summer, I am positioning this as my core nanocap for copper exposure in the portfolio.
At this market cap, I’m looking for a multibagger as specultors come back to the party, and as assays later this year prove up what management, and I, have long suspected is there - an extention of the same geology at the copper mine next door.
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