Are you on the hunt for a stock that has great management, a great share structure that has a small float stock, and its resource is in greater demand due to the expansion and adoption of electric vehicles, electronic devices, home and increased demand from China? If you guessed that resource to be copper, you would be correct!
In our opinion copper is a really good resource to invest in, especially during the volatile markets we have experienced in the last few months. If you’re looking for a resource that’s in demand, especially from a country like China, where they account for nearly half of the worlds copper consumption. What resource do investors turn to as an alternative to volatile markets as well as a possible shelter and hedge from rising inflation rates? Yes, that’s right, copper again! Our Stock Alert today is on a Canadian copper company called, Kintavar Exploration Inc.
Kintavar Exploration Inc. (TSX-V: KTR) is a Canadian resource company whose focus is on the exploration and development of Copper and other base metals in the mining friendly province of Quebec. Recent drilling and exploration at the company’s Watson and Sherlock property resulted in the discovery of copper mineralization of (0.18% Cu and 1.65 g/t Ag) over 206.3 meters and two main zones of 0.52% Cu and 5.62 g/t Ag over 21.9 meters and 0.50% Cu and 4.30 g/t Ag over 16.5 meters. These findings at the company’s property was a major success and now they have been able to intersect over 100m of copper mineralization in four of the 12 drill holes ever completed on this property. These grades appear to be inline with current open pit operations in North and South America. Furthermore, the property is easily accessible by road with less than 5 hours from Montreal and has access to a 150-people capacity camp on site with a high voltage power. These factors lower the cost of exploration and could be important in attracting a major company to this project.
In light of this significant discovery, Kintavar Exploration is currently conducting IP and Airborne magnetic surveys at its Nasigon corridor during the month of March/April and drilling is set to begin during the summer of 2018. Furthermore, the company is also expecting to start their drilling program at the Sherlock and Watson corridor as early as May/June.
Sherlock & Watson Corridor
- 120m @ 0.34%Cu, 2.90 g/t Ag in hole 03
- 131m @ 0.31% Cu, 2.85 g/t Ag in hole 04
- 206m @ 0.18% Cu, 1.65 g/t Ag in hole 08
- 800m by 200m mineralized corridor with 4km extensions to the East and West
- Summer drilling is expected to start in May/June
- 10m @1.10% Cu, 3.4 g/t Ag on the surface in a channel sample
- 1.5 km long mineralization trend of marble outcrops
- IP and airborne magnetic surveys are expected to start in March & April 2018
- Drilling program is set to commence during the summer of 2018
Kintavar’s success is also reflected in the rise of the company’s share price which have risen 217.86% ($0.14 - $0.445) since the beginning of the new year. The increase in share price is not only a testament to the great work and findings conducted by KTR, but also a reflection of the company’s very tiny float and small share structure. Kintavar Exploration currently has 55.4M shares outstanding and only a mere 61.5M shares on a fully diluted basis. Kintavar’s stock is very tightly held. In fact, 80 percent of KTR stock is owned by it’s management team and other insiders of the company which includes, GéoMéga (TSX-V: GMA), Mitchi Investors and QC Funds. This means that only 20 percent or approximately 11M shares of Kintavar’s stock is tradeable. Seeing that management and its investors own most of the company (80%) this is in our view a very bullish signal for investors. This tells us that management and its investors are very confident in their investment and as such, its investors should be confident as well. Small float stocks are also known for their parabolic activity due to the lack of supply of shares in the market place. Stocks that are referred to as small floats are highly sought by investors since they tend to increase higher and faster then stocks that aren’t a “small float”.
With the successful drilling and exploration program conducted and future drilling programs set to take place at the company’s Sherlock and Watson corridor as early as May or June, we anticipate that these developments could serve as great near-term catalyst(s) for traders and investors.
Additionally, Kintavar’s high ownership and small float make it for a very attractive investment for us, since this is a major indicator that we at Equity Insight like to look for. We believe that with the company’s small share structure and upcoming developments, we think it’s quite possible for shares of Kintavar Exploration to soar parabolically, surging past its recent 52 week high of $0.65 cents.
For more information please visit:
Made in Quebec: Potential Stratiform Copper Kintavar Exploration Inc. – Analyst Report
Interview with SmallCap power at PDAC 2018
CEO Kiril Mugerman Elevator Pitch
Stockhouse – “From the floor” – CEO Update PDAC 2018
Equity Insight Report
Full Disclosure: We own shares in Kintavar Exploration Inc.
Forward Looking Statements: This article may contain "forward-looking information" (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections as of the date of the content is published on this website. Wherever possible, words such as "anticipate", "believe", "expects", "intend" and similar expressions have been used to identify these forward- looking statements. Information in this article has been furnished for your information only, is accurate at the time of posting, and may be superseded by more current information. Except as required by law, we do not undertake any obligation to update the information, whether as a result of new information, future events or otherwise. This article should not be considered as personal financial advice.