Back on January 8, after reading of an outrageously impressive drill hole at their B.S. NAK property, I re-established a Buy on American Eagle Gold Corp. (AE:TSXV) at CA$0.40.
I picked up 300,000 in the GGMA 2024 Trading Account at CA$0.35 into a brief pullback and have been urging everyone who will listen to buy it.
Yesterday's move to an all-time high close of CA$0.55 is particularly noteworthy for two reasons. The first is obviously the 57.19% gain in a month, but the second and much more important is that a junior copper deal with discovery in a favorable jurisdiction is garnering attention and buy-side volume.
That bodes very well for my largest position in the GGMA 2024 Trading Account which is Fitzroy Minerals Inc. (FTZFF:OTCMKTS;FTZ:TSXV) whose transition from silver-gold in Argentina to copper-gold in Chile as its primary focus along with the name-change from Norseman Silver Inc. (FTZ:TSX.V; FTZFF:OTCQB) completes the rebranding process.
The junior lithium deals have soared and crashed; the junior uranium deals have soared and are now correcting; the junior gold and silver deals are dead in the water, but the junior copper deals are starting to feel the effects of a sector shift where the big speculative money begins to accumulate. We are months away from any kind of FOMO mania, but given the information that is coming down the pipe on FTZ:TSXV, there are behind-the-scenes developments that are going to launch this company into the limelight within the next eight weeks.
I obviously cannot say too much, but it was last September, with the stock under CA$0.05 that I hinted at some big changes coming to Norseman Silver, and I acted on that advice by increasing my position such that it is now my largest junior position in the Trading Account.
I am going to repeat this again: all subscribers should be accumulating aggressively and BEFORE the stock starts to move. I see CA$0.35-0.40 by the end of March, and that is without the need for a supportive move in copper prices.
Beyond that, it will need the blessings of those two lady goddesses that control the fates of the junior explorers, and they are Mother Nature and Lady Luck, as the maiden drill program at Caballos swings into full gear.
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Important Disclosures:
- Norseman Silver Inc. / Fitzroy Minerals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Norseman Silver Inc. / Fitzroy Minerals Inc. and American Eagle Gold Corp.
- Michael Ballanger: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with Norseman Silver Inc. / Fitzroy Minerals Inc. I determined which companies would be included in this article based on my research and understanding of the sector.
- Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
- This article does not constitute investment advice and is not a solicitation for any 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. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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Michael Ballanger Disclosures
This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.
