/biz/ - Business & Finance

Been looking at some potential microcaps because one anon last thread was grimacing that there just aren't that many good microcaps that haven't pumped yet. Just looking and skimming through their stuff nothing too deep... I'll do a thorough DD on the ones I get more interested in. In any case I felt like sharing what I've found. I was looking at some exploration plays in Newfoundland since there is a gold rush going on there after NFG's discoveries. Here's two pretty interesting microcaps for you guys, look into them

There is Sky Gold (SKYG) that have small adjacent assets to NFG, these assets are also along strike and on the same fault lines as NFG's high grade hits, also along the same fault lines as LAB's Kingsway project. The main asset, Mustang Project, has a drilling program ongoing and a drill core intersected visible gold just before year end, assays pending. Mustang could either have a low sulphidation gold deposit or possibly even a Carlin type deposit, as proposed by Altius Minerals in 2003. This might be a good way to get exposure to Newfoundland as the market cap is still just under $13M.

Another company in Newfoundland, this one a silver-base metals play that I found interesting is Sterling Metals (SAG). They have a very tight share structure, only about 30M outstanding (about 50% in retail too), market cap $20M. Their Sail Pond Project was previously optioned by NFG and is located a little farther away from the gold rush claims around NFG. The area is total greenfield, no drilling done before. There are very high grade silver-copper-lead-zinc grab samples distributed evenly in two zones. These large mineralized zones have been confirmed with soil geochemical surveys. The zones are 7km and 2km long respectively, and are trending from SW to NE. They also have large quartz veins in the property. They will do a Phase I exploration program and will try to do a maiden drilling program afterwards. Very promising greenfields play imho

>>25294420
It's a combination of many things really. You want to look for companies with the best chances of getting great hits and consistent results. So that means good geology (for example, property along strike to other great properties or ore being hosted in a similar setting to a big mine or multiple different showings over time suggesting mineralization), good management, previous and consistent exploration success, strong balance sheet (company can take some hits without having to dilute), etc. etc.

You kind of get a feel for what companies are worth investing in with time. At least in my case.
>>25294470
WAGMI! We are the smart money!

>>24684050
also for anybody who might've missed it, here's a nice comprehensive map of the emerging mining district at Newfoundland

somebody on ceo.ca posted this amazing map of the current projects at Newfoundland
https://exploitsdiscovery.com/wp-content/uploads/2020/11/Exploits-Subzone-Area-Play-Map-v2-Nov-2020.pdf