Upside potential of more than 240%
The analysts at Couloir Capital recently took a closer look at the Canadian gold exploration company Juggernaut Exploration (TSXV JUGR / WKN A2PTXU). They see the share as a “buy”, albeit a risky one, with a target price of CAD 0.36. From the current price of CAD 0.105, this means an upside potential of around 243%.
According to the experts, Juggernaut has three highly prospective projects in or near British Columbia’s Golden Triangle, a world-class mining region with significant discoveries and developments. And, Couloir adds, each project has high-grade, gold-rich, polymetallic discoveries that warrant further exploration and resource estimation.
Support from renowned investment company
With regard to the company’s financial position – always an important point for exploration companies – the analysts state that Juggernaut is supported by the renowned fund company Crescat Capital, which holds just under 20% of the company’s shares. In addition, Couloir said that Juggernaut had raised CAD 4.8 million in the first half of the year to finance exploration on two projects in the 2024 season.
The plan is to drill at least 6,000 meters across the Bingo and Midas properties. (In the meantime, drilling has already started on Bingo, editor’s note). Bingo, Couloir added, looks very similar to Goliath Resources’ nearby Surebet discovery, which has numerous high-grade shear zones and veins.
In contrast, the Kokomo target on the Midas property would show evidence of a high-grade VMS (Volcanogenic Massive Sulfide) target in the style of Eskay Creek, the analysts said. In addition, membership in the so-called B-All Syndicate juggernaut offers access to further discoveries in northwest British Columbia.
The full report is available here:
Juggernaut Exploration Ltd (TSXV: JUGR): Making tracks with discoveries in the Golden Triangle
Conclusion: Based on the initial discoveries and the delineation and further definition of mineralization on the Company's projects, Couloir Capital recommends Juggernaut Exploration's shares with a "buy" rating and assigns a price target of $0.36, where it sees fair market value for the Company
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According to §34 WpHG we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH hold shares of Juggernaut Exploration and therefore a conflict of interest exists. Furthermore, we cannot exclude that other stock exchange letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Juggernaut Exploration and GOLDINVEST Consulting GmbH, which means that there is also a conflict of interest.
