TOTAL CONVICTION ALERT
I've been following NovaRed Mining Inc. for a long time, and after reading Motley Fool's latest Total Conviction article, I immediately thought about this company.
The article focuses on finding opportunities before they become widely recognized by the market.
NovaRed Mining Inc. currently controls 16,078 hectares at Wilmac, has identified 3 priority drill targets, reported an average of 0.639% Cu from 9 samples and a high-grade result of 1.670% Cu. Historical drilling returned 1,084 ppm Cu over 3.13 metres.
The reason the Motley Fool article feels relevant is because
$NRED is still in the stage where new discoveries can dramatically change how investors value the company.
My valuation scenario remains C$5-C$10.
This is not a trade recommendation. Do your own analysis and make informed choices.
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