Joe MazumdarNighthawk GoldNHK.TOTOP PICKMar 06, 2017
This is a stock he likes, because he is looking for exploration plays with (?) land packages. It is in safe jurisdictions in the Northwest Territories. They did a private placement for about $10 million, and it was upsized and brought in $25 million, so they are sitting on about $38 million of cash.
Used to own it, because they had a high-grade project in the Northwest Territories, but they were interested in a lower-grade target that didn't interest him so he sold. He doesn't know their company strategy anymore.
(A Top Pick March 6/17. Down 14%.) Sold this recently as the risk/reward was no longer favourable. The drilling they’ve done so far in 2017, has failed to find more of the high grade.
Has had trouble getting traction. This is one you should bargain hunt for in the $0.10-$0.20 range and hope they come up with some new idea post uranium.
This is a stock he likes, because he is looking for exploration plays with (?) land packages. It is in safe jurisdictions in the Northwest Territories. They did a private placement for about $10 million, and it was upsized and brought in $25 million, so they are sitting on about $38 million of cash.