John Newell - Mon, Oct 29, 2018

Volatile Summer for Golden Triangle Explorer

John NewellJohn Newell of Fieldhouse Capital charts the volatility of a Golden Triangle explorer.

Juggernaut Exploration Ltd. (JUGR:TSX.V) is a "story stock" that started drilling its Midas and Empire properties in the summer of 2018. In an ironic twist of fate, Mother Nature has exposed these copper, gold, silver, lead and zinc targets and showings, as the northern glacier receded, exposing this virgin ground for the first time, when the world needs these metals and new discoveries more than ever.

After the drop in the fall of 2017, Juggernaut built a base which we can project three target areas on a breakout above the short-term downtrend line. This summer drill season could get very exciting for this speculative junior miner discovery story. Exploration plays are risky!

After Juggernaut hit two targets from the set-up that happened in the $0.20-0.25 range and ongoing drilling at the company's exceptional properties, we felt confident that the $0.75-0.85 targets were possible with the pending drilling results due. The assays have been delayed at the labs and the weak markets made investors anxious and sellers before results.

I am looking for a gap up to create an island reversal to correct down gap and get back the pattern than projects to $0.85.

Juggernaut chart

On the fundamental side, Juggernaut has 31 drill holes yet to report. The low share price is reflecting no success in any of the 31 holes. Successful results with just one or a few could help lift the share price.

After a full year in the field doing mappings, field work, prospecting and drilling 35 exploration holes, the very knowledgeable and experienced Juggernaut team now understands the geology better at Empire and Midas. When results come back, which could be any day now, this will only add to the knowledge base, in their hunt for world-class mineral deposits in British Columbia.

Also, Juggernaut has 20% ownership in six projects discovered by the DSM Syndicate. Any one of these six properties could be company builder for Juggernaut. It looks like the syndicate has discovered a couple of excellent looking properties in other areas, where the glaciers have also receded in British Columbia. You can look at it like Juggernaut owns 20% of six projects.

John Newell is a portfolio manager at Fieldhouse Capital Management. He has 38 years of experience in the investment industry acting as an officer, director, portfolio manager and investment advisor with some of the largest investment firms in Canada including Scotia McLeod, CIBC Wood Gundy and Richardson Greenshields (RBC Capital Markets). Newell is a specialist in precious metal equities and related commodities, and follows a disciplined proprietary approach incorporating equity research, analytical frameworks and risk controls to evaluate and select long and short stocks primarily from the Canadian small and mid-cap coverage. Many large, midcap and junior precious metal companies use his technical charts. Newell is a registered portfolio manager in Canada (advising representative).

1) John Newell: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Juggernaut Exploration. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company currently has a financial relationship with the following companies mentioned in this article: None. John Newell manages the Fieldhouse Global Precious Fund Class G, and it is long the shares of Juggernaut Exploration. I determined which companies would be included in this article based on my research and understanding of the sector. Additional disclosures/disclaimer below.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Click below for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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