Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe


Volatile Summer for Golden Triangle Explorer
Contributed Opinion

Share on Stocktwits


John Newell John Newell of Fieldhouse Capital charts the volatility of a Golden Triangle explorer.

Juggernaut Exploration Ltd. (JUGR:TSX.V) is a "story stock" that started drilling its Midas and Empire properties in the summer of 2018. In an ironic twist of fate, Mother Nature has exposed these copper, gold, silver, lead and zinc targets and showings, as the northern glacier receded, exposing this virgin ground for the first time, when the world needs these metals and new discoveries more than ever.

After the drop in the fall of 2017, Juggernaut built a base which we can project three target areas on a breakout above the short-term downtrend line. This summer drill season could get very exciting for this speculative junior miner discovery story. Exploration plays are risky!

After Juggernaut hit two targets from the set-up that happened in the $0.20-0.25 range and ongoing drilling at the company's exceptional properties, we felt confident that the $0.75-0.85 targets were possible with the pending drilling results due. The assays have been delayed at the labs and the weak markets made investors anxious and sellers before results.

I am looking for a gap up to create an island reversal to correct down gap and get back the pattern that projects to $0.85.

Juggernaut chart
Chart courtesy of

On the fundamental side, Juggernaut has 31 drill holes yet to report. The low share price is reflecting no success in any of the 31 holes. Successful results with just one or a few could help lift the share price.

After a full year in the field doing mappings, field work, prospecting and drilling 35 exploration holes, the very knowledgeable and experienced Juggernaut team now understands the geology better at Empire and Midas. When results come back, which could be any day now, this will only add to the knowledge base, in their hunt for world-class mineral deposits in British Columbia.

Also, Juggernaut has 20% ownership in six projects discovered by the DSM Syndicate. Any one of these six properties could be company builder for Juggernaut. It looks like the syndicate has discovered a couple of excellent looking properties in other areas, where the glaciers have also receded in British Columbia. You can look at it like Juggernaut owns 20% of another six projects.

John Newell is a portfolio manager at Fieldhouse Capital Management. He has 38 years of experience in the investment industry acting as an officer, director, portfolio manager and investment advisor with some of the largest investment firms in Canada including Scotia McLeod, CIBC Wood Gundy and Richardson Greenshields (RBC Capital Markets). Newell is a specialist in precious metal equities and related commodities, and follows a disciplined proprietary approach incorporating equity research, analytical frameworks and risk controls to evaluate and select long and short stocks primarily from the Canadian small and mid-cap coverage. Many large, midcap and junior precious metal companies use his technical charts. Newell is a registered portfolio manager in Canada (advising representative).


1) John Newell: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Juggernaut Exploration. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company currently has a financial relationship with the following companies mentioned in this article: None. John Newell manages the Fieldhouse Global Precious Fund Class G, and it is long the shares of Juggernaut Exploration. I determined which companies would be included in this article based on my research and understanding of the sector. Additional disclosures/disclaimer below.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Juggernaut Exploration, a company mentioned in this article.

Additional Disclosures and Disclaimer from John Newell, Fieldhouse Capital Management

Disclosures and Disclaimer:
It should not be assumed that the methods, techniques, or indicators presented in these pages will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these pages are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, the publisher, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Hypothetical and historical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical and historical performance results and the actual results subsequently achieved by any trading program. One of the limitations of hypothetical and historical performance results is that they are generally presented with the benefit of hindsight. In addition, hypothetical and historical trading may not present the financial risks and returns for future trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect actual trading results.
Disclaimer: This Publication is protected by Canadian and International Copyright laws. All rights reserved. No license is granted to the user except for the user's personal use. No part of this publication or its contents may be copied, downloaded, stored in a retrieval system, further transmitted, or otherwise reproduced, stored, disseminated, transferred, or used, in any form or by any means without prior written permission. This publication is proprietary.
Neither the information, nor any opinion expressed constitutes a solicitation for the purchase of an investment program. Any further disclosure or use, distribution, dissemination or copying of this message or any attachment is strictly prohibited; such information, whether derived from Fieldhouse Capital Management or from any oral or written communication by way of opinion, advice, or otherwise with a principal of the company is not warranted in any manner whatsoever, is for the use of our customers only and may be obtained from internal and external research sources considered to be reliable.

Chart provided by the author.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe