Featured Companies: Nevada Sunrise Gold
A Golden 2019?
It’s no secret that 2018 was a challenging year for most of us who make our living sharing insight, research, and speculation on junior resource stocks.
Tax-loss selling at the end of 2018 was a nice last kick in the behind to close out the year.
The first week of 2019, however, is off to a very good start with many of the better companies surging 30-40, even 100% in less than two weeks.
Midas Gold (TSX-MAX) (OTC: MDRPF) — a prime takeout target — skyrocketed over 50% from the C$0.65 level just two weeks ago to C$1.10 on heavier-than-average volume.
Advantage Lithium (TSX-V: AAL) (OTC: AVLIF) has skyrocketed from C$0.40 to C$0.62 during that same time period. Good for over 50%.
Nevada Sunrise Gold (TSX-V: NEV) (OTC: NVSGF) has surged from C$0.06 to C$0.14 the past two weeks.
Did Midas Gold have material news? No.
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Did Advantage Lithium’s Cauchari asset suddenly become 50% more valuable? No.
Most quality juniors are quite simply bouncing off 52-week lows and despite the recent moves there’s still a lot of runway left.
Advantage and Nevada Sunrise, for example, are each up over 50% the past few weeks but still down 50% from 52-week highs.
Both have assets — at different stages — that justify market caps much higher than where each currently trades and both have the financial wherewithal to continue to develop those assets.
What is different in 2019 is the macro setup. Gold, for the first time in years, is in a win-win situation.Click here to see more from Nevada Sunrise Gold