Today I’m introducing to Junior Gold Report subscribers a progressive company that I investigated during the second quarter of the year after the stock soared by more than 200% in Q1. During May, I was able to spend a couple of days with the President and CEO as I completed site visits at the company’s two key properties in northern Ontario as part of my due diligence.
There are multiple reasons why this opportunity seems promising. I’m bringing it to my readers’ attention NOW because the stock price has finally backed off to the lower part of its 5-month trading range and has strong technical support around 20 cents.
- The company’s focus is very much on cobalt and technology, two money-making investment themes in 2017 that aren’t going away anytime soon;
- The company has shown the ability to secure capital – $2.6 million in hard dollars, in fact, since March with the last two raises at 20 cents;
- Lots of juniors have been making noise in the cobalt space but this one seems to “walk the walk”. It has distinct advantages over its peers including a strong history in its district, critical underground access, and a proprietary process that was developed years ago in association with the National Research Council to recover cobalt and other metals;
- The company is active on multiple fronts with a focused approach on exploration, drilling, and the technology side of its sector with the development of test products for battery sector end users as well as initiatives aimed at the recovery of cobalt, lithium, etc., from recycled lithium-ion batteries;
- Experienced management, geological and technical team that has enjoyed previous success on the ground (multi-million ounce gold discovery) and in the market;
- Share structure – best in the district among major players with just under 50 million shares outstanding for a modest market cap of around $10 million.
The company I’m referring to is Castle Silver Resources (TSX.V: CSR), a leader in the hot northern Ontario Cobalt Camp where more than half a billion ounces of silver were produced in the 1900’s. While new silver discoveries are very possible in this region, the attention it’s getting now is due to cobalt which is associated with the high-grade silver in the area but was never the focus of historical explorers and miners. The cobalt story in this large district is fascinating – investors who pay attention could be rewarded very handsomely over the coming months!
CSR has become an advertiser with JGR, so please note that I am biased! As always, perform your own due diligence.
If you’re excited about the potential of cobalt, as I am, don’t let Castle’s name fool you. They are very advanced on the cobalt front and I look forward to sharing more of my insights into this company with JGR readers in the very near future!
Dr. Kal Kotecha
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