Looking to Add Millions of OZs: Idaho Miner Doubles Drill Campaign
We just told you a week or two ago that Revival was fully funded, having just raised C$15 million in a bought deal by BMO Capital Markets.
A 5,000 meter campaign at Beartrack-Arnett was already underway when the company doubled it this week to 10,000 meters.
Revival Gold already has a three million ounce resource and is targeting five million ounces. I guess it wants to get there sooner than later.
It will be doing resource expansion and upgrade drilling… and also drilling some blue sky holes in untested areas.
It’s a massive program on a past-producing mine. The largest since the 1990s. Click here to check out the plan.
The recent pullback in shares to near C$1.00 presents a compelling opportunity.
Echelon Capital Markets has a C$1.80 price target on the shares, noting the potential for resource growth at both Beartrack and Arnett given the expanded drilling program.
Beacon Securities pegs the shares at C$2.00.
Even with some infrastructure in place... Even with a PEA on the way... And even with three million ounces on the way to five or more…
Revival gold continues to trade at just one third of the valuation of its peers on an enterprise value per ounce metric.
That gap will be closed in a hurry on positive drill news.
Readers who follow our advice on Revival have already doubled their money or better. See how we’re doing it here.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.