For those who follow College Basketball, the next few weeks are some of the most enjoyable and exciting months on the sports calendar. For those new to sports or living under a rock, March Madness brings together 64 teams in a single elimination tournament . The brackets get tighter with each round 64/ 32/ 16/ 8/ 4/ and finally a duke out between the 2 last remaining teams. As the brackets dwindle down the contests have sub names " The Sweet 16 " / "Elite Eight " / " Final Four " and the " Championship Game ".
The games are usually very exciting often coming down to the last possession and consequently there are usually quite a few upsets on the Road to the Final Four. In this spirit I have decided to make my own March Madness Tournament with my favorite Juniors participating.
I complied a list of my favorite Junior Research Stocks in an article I entitled The 12 Days of Christmas https://ceo.ca/@MickeyMantle/the-12-days-of-christmas
This list was comprised of 12 stocks that I have been following closely and I own shares in. The list has been pared down to The Elite Eight for the brackets to work out. I am using the share price of the companies (on 12-24-18) when article was published as a benchmark. I have attempted to put companies with similar share prices paired against one another. After each round the companies that have the highest % gain will move on to the next round. Simple enough now without any further ado ... Lets' meet the Elite Eight.
Bracket 1) MUX vs. IRV
McEwen Mining - this under valued producer striving to get a listing on the S&P. It's share price is at the mercy of the price of Gold. It's CEO, Rob McEwen draws a dollar a year salary. If the shareholders do well so does its leader. What a novel concept !!I It was recommended on 12-24-2018 @ $1.79/ MUX
Irving Resources- this tightly held sleeper is headed up by Quinton Hennigh ,which almost guarantees big things. Permitting is now in place and this one time huge producing mine in Japan is now drill ready and ready to rock. "Q" knows how and where to position the the Truth Meter to get it to confess vehemently. Price when recommended was $1.80/IRV
Bracket 1) WINNER- IRV $1.80 ( Irving Resources) up 33 cents to $2.13 = 18%
MUX $1.79( McEwen Mining) down 15 cents to $1.64 = Minus 9%
McEwen has hit a rough patch lately, mining delays and set backs along with tepid Gold price has not helped. I still believe and hold shares in this company and feel in due time it will preform admirably. You can't keep Rob McEwen down for long.
Irving Resources is on a roll, drilling has commenced and Quentin knows how to position the truth meter. IRV moves to Final Four with plenty of momentum. Having a dominate big man in the lane "Q" makes this company a formidable foe.
Bracket 2) JCO vs. FVAN
Jericho Oil - with steadily rising OIL prices... up over 30% in two months and located in the very friendly Oil state of Oklahoma in the prolific STACK region. It boasts having some mighty titans of the Oil industry as neighbors. It is only a matter of time before this gets legs and gains some well deserved attention. JCO/ 43 cents
First Vanadium - with a just released updated Resource Estimate with staggering numbers, this tightly held stock needs to be revisited. The company just added 1.5 Billion pounds of Vanadium in very mining friendly Nevada which is currently going for close to $18 a pound. You do the math. Your head will spin. !!! FVAN /77 cents
Bracket 2) WINNER- JCO 43 Cents (Jericho Oil ) down 1 cent to 42 Cents = Minus 2%
FVAN 77 Cents (First Vanadium) down 23 Cents to 54 Cents = Minus 31%
First Vanadium was up to $1.07 in early March after a very successful PDAC showing but has dropped big time due to softening Vanadium prices. This stock is not for the faint of heart but I believe ultimately it will be a great company to own.
Jericho Oil limps into the Final Four still waiting to catch a bid with Oil prices still creeping up. Led by point guard, IR Director, Adam Rabiner it is just a matter of time, Spring will start fresh news flow and Adam works his solid connections and network.
Bracket 3) SIR vs. ANX
Serengeti Resources - A newly released PFS revealed an overall increase in contained metal from the 2016 Indicated Resource estimate. Which included increases of 44% for copper, 32% for gold, and 52% for silver in the M+I categories. This stock was hammered mysteriously on these fantastic results. Somebody wants this stock on the cheap and for good reason. Rick's Cafe lives on in the Junior Sector. !!! SIR/17 cents
Anaconda Resources- this stock was once the darling of PDAC in 2018. My how much changed in a year. The company keeps putting out great news ... to crickets. Perhaps new blood at the top would pump new life into this sleeper and get it back on track. There has been a buzz about M&A's in the maritime and COB, Jonathan Fitzgerald is a cagey deal maker who makes great things happen. ANX/ 22 cents
Bracket 3) WINNER - ANX -22 Cents (Anaconda Mining) up 10 cents to 32 Cents = 45% Gain
SIR-17 Cents (Serengeti Resources) up 7 cents to 24 Cents = 41% gain
Serengeti continues to perplex it has had great drill results and and very favorable PFS but just can't gain traction. The Metallurgic Study from Kwanika is due any day perhaps that will get this undervalued junior some love. This stock is a total mystery.
Anaconda Mining has been preforming on steroids as of late. Volume has increased considerably and me thinks something very good is coming. ANX vaults into the Final Four with plenty of wind at its back and fresh legs. They have a strong bench led by COB, Jonathan Fitzgerald.
Bracket 4) AZS vs. PRG
Arizona Silver Exploration - continues to amaze. It is slowly coming back to life and I believe still has plenty of upside. Sharp management who put their money where their mouth is. Share structure remains super tight, as they know how and when to finance without warrants. They have added 2 new highly prospective properties which are drill ready awaiting final permitting. This company is a blueprint for success on how to run a Junior Miner !!! AZS/ 8 cents
Precipitate Gold - this is run by a very sharp , intelligent ,savvy CEO , Jeff Wilson. They have smartly recently acquired a property in the Dominican Republic which butts up next to Barrick's Pueblo Viejo Mine. This acquisition and the highly anticipated future drill results could make Jeff Wilson a legend. It seems new government in the DR is much easier to work with than previous scoundrels. Having savant Quinton Hennigh on the board adds to the allure. PRG/ 12 cents
Bracket 4) WINNER AZS- 7 Cents (Arizona Silver Exploration ) Up 6 cents to 13 cents) = 86% Gain
PRG- 12 Cents (Precipitate Gold) Even at 12 cents = 0 Gain
Precipitate Gold has not started a drill program yet so that has diverted attention from this highly prospective under valued Junior. Keep you eyes on this one , you will be surprised pleasantly to the upside, management is top notch along with the stellar location of the property.
AZS moves to the Final Four although the stock has shown weakness as of late waiting to commence drilling on two new prime targets. Power Forward, Mike Stark crashes the boards and keeps the opposition at bay with his aggressive style.
A reminder we will check highest % gainers for my 12 Days of Christmas article and the price of each stock from the 12-24-18 benchmark to determine their performance in the tournament.
I am a fan of all of these companies and hold shares in each, some in great quantity in my own portfolio. So there are no losers among these companies only winners but somebody will prove to be a worthy champion in a months time !!
Bracket 5) IRV (Irving Resources ) vs. JCO (Jericho Oil )
Jericho (JCO) is my best Jr. Oil & Gas play by far. They own primo wells in the prolific STACK region in Central Oklahoma. The Oil price has been creeping up steadily and at $60 a barrel oil that is the sweet spot for JCO (Currently $63+). Management is rock solid and progressive.
Bracket 6) ANX (Anaconda Mining) vs. AZS (Arizona Silver Exploration )
AZS is drill ready at their newest acquisition the Philadelphia Project and should commence any day now. With the two power forwards working well in tandem Mike Stark and Greg Hahn this should be an epic battle to who prevails in this tournament. Good Luck to both worthy teams
IN THE FINAL ROUND WINNER WILL BE DETERMINED BY % GAIN FROM TODAY’S CLOSE
WINNER WILL BE CROWNED NEXT FRIDAY APRIL 12 AT MARKET CLOSE
This article is for informational purposes only. It is certainly not investment advise. It is also not encouraging any gambling or betting in any way. Please consult Gamblers Anonymous if you feel the need to waver on my tournament :) Kevin Dougan (aka The Mick) runs a website Blue Sky Marketing which finds and promotes under valued and out of favor companies with much upside and potential growth. Many of these companies are clients and sponsors and I own shares in all of the companies mentioned in this article. Please sign up for my free newsletter on my website for monthly picks and updates.