Greg Nolan of Highballer Stock notes…
“Today, another stock on our top three list—Cartier Resources (ECR.V)—tagged multi-year highs. It’s one of my favorite charts in the junior exploration arena, a chart characterized by an orderly stair-stepping accumulation pattern—a series of higher highs and higher lows…”
Cartier was given “Top Three” status because I believe the company has an endgame: a resource-hungry producer will acquire the company’s Chimo Mine Project and richly reward Cartier shareholders in the process.
A quick review of Chimo’s fundamental/technical advantages:
- it’s located in a mining-friendly jurisdiction, in a region steeped in mining culture and history;
- it has a significant resource that continues to grow (details further down the page);
- it’s a past producer (Cartier has metallurgical and production data that unlock Chimo’s defining characteristics);
- it has a 920 meter shaft with multiple drifts allowing ease of access to the deposits deeper subsurface layers;
- it’s near a paved highway;
- it’s is within easy reach of six local mills (no need to build a mill onsite).