Joe Mazumdar
Evrim Resources Corp.
EVM-X
HOLD
Mar 08, 2016
Brought on a new geologist who he had worked with in Mexico. This geologist knows Mexico and how to get in and do things. He can turn up very good projects. They have one new project that they are just turning up. The initial results are very interesting. The stock has moved up, so there is no urgency to buy.
A prospect generator of $25-30 million market cap, focused on Mexico and BC and precious metals. They have a lot of projects now, so there will be news this year. He expects 20,000+ meters of drilling this year which is a lot. They've hit some high-grade already and have multiple partners.
(Past top pick March 6, 2018, Up 275%) It was up even more this year, which is when he sold some shares, but has held onto most of it. He always knew it was a prospect generator and is expecting drill results by the end of 2018. Up 450% YTD.
A past top pick. He's sold some of it. He still trusts the management team and their model. But drilling results didn't do well so the stock fell. Now is a good time to enter it. They got working capital because they did a private placement with Newmont. Brent Cook: The Newmont investment collapsed, but EVM is actually in better shape with $11 million in the bank with a stock at 30-cents. Its failure was a success. He made money and he's still in it.
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Brought on a new geologist who he had worked with in Mexico. This geologist knows Mexico and how to get in and do things. He can turn up very good projects. They have one new project that they are just turning up. The initial results are very interesting. The stock has moved up, so there is no urgency to buy.