It’s been a few weeks since Rich revealed one of his secret picks. The last one he profiled was Geomega Resources Inc (TSXV:GMA) (OTCPK:GOMRF) back in May, which also become one of that month’s top stocks to watch. Today, we’re profiling a totally off-the-radar mining stock: Rokmaster Resources Corp. (TSXV:RKR) (OTCPK:RKMSF).
Rokmaster is an exploration mining stock focused on base and precious metals. Its flagship asset is its option to earn 100% of the Revel Ridge precious metals project. This project is situated in the Kootenay Arc in British Columbia, Canada.
Let’s find out what makes this undiscovered stock one of Rich’s big picks.
Rokmaster Resources Begins Work at the Revel Ridge Project
At the end of May, Rokmaster opened the access road to its Revel Ridge Project site and began several stages of work.
The first phase will focus on drill preparation. This involves geological modelling and drill target selection, geotechnical and safety inspections of underground access and proposed drill stations, and environmental site inspection and inventory. The initial drill program will cost $3 million and will begin once the company receives all permits and necessary approvals. This is expected to take about 6-7 weeks.
The Revel Ridge site is Rokmaster’s most promising exploration project to date. The mining stock currently estimates that it could yield over 1 million ounces of gold. On top of that, with more exploration work following the initial drill program, the site’s resource yield could potentially double.
RKR Structure and Performance
“These guys have been on a serious tear,” says Rich. “I wanted to bring them to you before they get big, and I do think they’ll get big.”
Rokmaster Resources has seen its share price grow by more than 160% since the start of the year. The stock opened 2020 at just $0.09 and is currently trading at $0.24. These gains, which mostly occurred over the last two months, are based off of speculative value from the Revel Ridge project, as well as some of the company’s other exploration sites.
RKR currently has 50 million shares outstanding, which gives it a very high ceiling. As work at the Revel Ridge ramps up, investors might see steady gains similar to what’s occurred so far. With an average daily volume of 95,898, it doesn’t take much momentum to affect this stock.
What’s more, with the rising price of gold, Rokmaster Resources stands to benefit greatly from the current market. If you’re looking for a low-priced, early-stage mining stock that could pay off in a big way with a bit of patience, RKR might just be the pick for you.
Featured image: DepositPhotos © Iurii