Gerardo Del Real
May 2, 2023
The resource markets are mostly in wait-and-see mode.
Even the company with the hottest lithium discovery in decades, Patriot Battery Metals (TSX-V: PMET)(OTC:PMETF), has failed to make new highs recently, despite some phenomenal results that I suspect will continue, though I suspect new highs are on the way soon.
What to do?
The contrarian in me is using this consolidation to write checks while everyone waits.
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The last several checks I’ve written have been in sectors that I believe will demand the market’s attention in due time. I recently wrote a check for a tiny salt/hydrogen storage play – ATCO Mining (CSE: ATCM) (OTC: ATMGF) – that has a market cap of C$3.6 million and has a commanding 100%-owned land package in a region that, like Quebec for lithium, has a government (in Newfoundland) that is fully supportive of helping develop its wind-hydrogen infrastructure.
No one is paying attention. They will.
I’m also bolstering my precious metals and copper-gold positions.
Kingsmen Resources (TSX-V: KNG)(OTC: KNGRF) just consolidated a past-producing, district-scale land package for precious metals in the prolific mining districts of Parral, Mexico. Access is excellent. Infrastructure is top notch. Permitting is straightforward and the company has a group of committed – including myself – long-term shareholders excited to see the district explored for the first time as one coherent land package.
The company has a $6 million market cap.
No one has noticed. They will.
When I first helped finance Patriot Battery Metals (TSX-V: PMET)(OTC: PMETF) at C$0.16 a little over a year ago, I did so with the premise that if a discovery of significance was made it would likely lead to multiple discoveries and would likely be big given the scale of the land package and the lithium spodumene-bearing pegmatites scattered across it.
You know what happened next. The company discovered what may become one of, if not the largest lithium deposit in the world, and the drilling has barely scratched the surface of the district-scale land package.
What made the company an interesting speculation? The project had scale, a tiny market cap, a good share structure that allowed for a miss or two, and a commodity that was not wanted but needed.
Fast forward to now, myself and subscribers – and it makes me smile that there were a lot of you – are sitting on 10,000%-plus gains and headed much higher.
The gains have been life changing for many.
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Which brings me to the next check I’m writing, one of the biggest checks of my career to a play that I believe will deliver at least 25-fold returns over the next several years.
It has scale, a tiny market cap, and the potential for many company-making discoveries over the next several years.
I’m fortunate enough to have developed a network of peers over the years that allow me to share many of the same deals I speculate on to my subscribers. I do that through Junior Resource Insider and this deal is no exception.
The deal will be available to subscribers for another week and a half or until the deal is fully subscribed. Click here to sign up for Junior Resource Insider so you can participate alongside us.
Gerardo Del Real
Editor, Daily Profit Cycle