Juggernaut Exploration Ltd is a precious metal focused junior exploration company with four projects located in British Columbia, Canada. The company recently announced a financing of up to $1.5 M but said financing has been upsized two times, as of today, and is now up to $5,3 M due to “strong demand from institutions, strategic investors and insiders”. Juggernaut currently has a tiny Market Cap of C$7.67 M ($0.375/share), pre financing, which highlights just how cheap it is/was given that the raise is almost on par. When this financing is done the total Enterprise Value of the company should be around US$7 M, I think, which is still pretty much remarkably cheap given the portfolio. Anyway I am a shareholder of Juggernaut and I am happy to have the company come on as a passive banner sponsor of The Hedgeless Horseman.
This is what Quinton Hennigh and Kevin Smith of Crescat Capital (who was the lead order) had to say about Juggernaut and the company’s porfolio:
Dr. Hennigh stated “Juggernaut has a portfolio of promising early stage projects in and around the Golden Triangle, British Columbia. Funds from this placement will be used to undertake some fundamental exploration work with the aim of quickly generating new drill targets at some of its projects. In particular, the Midas property displays good potential for precious metal-rich volcanogenic massive sulfide discovery of “Eskay Creek” style. Although a fair amount of geologic work was undertaken at Midas over the past couple years, it is clear that the area of exploration interest is far larger than previously perceived and that the lion’s share of prospectivity remains untested. This is a classic opportunity whereby Crescat applies its friendly activist strategy toward building exploration strategy and helping to capitalize it.”
Kevin Smith stated “Crescat is taking an activist approach to investing in the precious metals mining industry today. Our goal at this stage of the cycle is to identify and invest in a portfolio of potentially big, highgrade discoveries in the hands of undervalued juniors where we can help unlock value. We are excited about Juggernaut and the discovery potential of its assets”
- Goldstandard Property (Orogenic Gold system)
- Goldstar Property (Orogenic Gold system)
- Midas Property (Kuroko/Eskay Creek Style VMS system)
- Empire Property (Gold, Copper Porphyry System)
- Ticker: JUGR.V
- Website: Link
Lookout for a piece on Juggernaut Exploration and why I have bought shares in the open market, as well as participated in the financing, in the future.
Note: This is not investment advice. Always do your own due diligence and make up your own mind. Assume I am biased given I can buy and/or sell shares at any time.
Erik Wetterling / The Hedgeless Horseman
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