- Labrador Gold is one of the top-performing gold stocks this year, up more than 275% year-to-date.
- The excitement surrounding the company stems from its location, drilling prospective ground adjacent to the Appleton Fault where New Found Gold has had tremendous success.
- While Labrador Gold could end up making a discovery here, the stock looks to have got ahead of itself short-term, sporting a fully diluted market cap of more than US$250 million.
- Obviously, much depends on the drill bit, but with the stock extended short-term, I don't see any way to justify paying up for the stock here.
For further details see:
Labrador Gold: A High Risk Bet At Current Prices