TSRMF - Expert Says Now May Be the Last Chance To Buy This Gold Stock at an 'Excellent Price' | Benzinga
Source: Clive Maund 05/20/2024
Technical Analyst Clive Maund shares his thoughts on Dryden Gold Corp. to explain why he believes it is an Immediate Strong Buy.
Dryden Gold Corp. (OTC:DRYGF) is a most interesting advanced stage gold exploration company with an extensive land package in mining friendly Ontario where infrastructure is excellent and the fact that industry legends Eric Sprott and Rob McEwen have significant shareholdings in the company speaks for itself.
Before examining the company's stock chart to see why its shares are so attractive at this time when the gold price is powering up for a massive advance, we will start by gaining a fundamental overview of the company by means of a selection of slides lifted from the latest investor deck.
Dryden's land package comprises numerous distinct targets, from conceptual to brownfields.
The following slide includes a map showing the extent of Dryden's land package shown in an appropriate gold color and we can also see that there are a number of other important names in the industry operating nearby, such as Kenorland Minerals Ltd. (OTC: KLDCF), Kinross Gold Corp. (NYSE: KGC), and Treasury Metals Inc. (OTC: TSRMF) and clearly they would not be there without good reason.
Dryden's gold properties are located in a prolific gold region as this slide makes clear, with big discoveries having been made in the past.
And it is most encouraging to consider that Dryden's properties have many similarities with the bounteous Red Lake and Timmins camp.
Within Dryden's properties, there are three principal projects with potential for high-grade gold discovery.
The following interesting chart shows that Dryden is moving its various projects within the district along nicely.
The next slide shows milestones already accomplished and near-term catalysts.
Lastly, we look at a page showing the share structure.
The pie chart illustrates that there is a lot of confidence in the company, since Alamos Gold Inc. (NYSE: AGI) has an ...