NHVCF - Northern Vertex: A Junior Gold Producer To Buy On Dips
- Northern Vertex reported record metals production in October and is on track to produce over 14,200 ounces in fiscal Q2 2021.
- The company also continues to have drilling success with potential near-mine resource expansion, with the Ruth Vein providing the possibility for high-grade material.
- Despite the company's FY2020 results, the company is trading at a very reasonable 1.1x FY2021 revenue estimates, which are based on a conservative gold price of $1,700/oz.
- While speculative given its small market cap, I continue to see Northern Vertex as a Speculative Buy on any dips below US$0.39.
For further details see:
Northern Vertex: A Junior Gold Producer To Buy On Dips