Thursday, September 2, 2010

Northern Tiger Sells Off on Disappointing Drill Results at Sonora Gulch

Northern Tiger announced today that the first drill holes at Sonora Gulch were uneconomical which has led to a sell-off to the 50MA at .26. Any further price drop in my opinion represents a great opportunity to take a position and buy value.

Yes, Sonora Gulch results are disappointing to date and doesn't bode well for the rest of the assays, but what remains is that Northern Tiger is in extremely prospective position in the White Gold District in the Yukon which is yielding up discovery after discovery with the latest being ATAC's exciting discovery yesterday which propelled the stock to doubling in 2 days! To date 5 of 12 holes have been released with assays expected on another 5 holes, while 2 of the 12 holes were abandoned at shallow depths, so there still could be a discovery yet at Sonora Gulch. What is most prospective to me though, is the exciting high grade vein discovery they have made on the 3 Acre property.

With a 17M Market Cap, NTR is certainly the David in the land of Goliath's such as ATAC ($450M) and Kaminak ($180M), but is still in position to make a blue sky discovery which could propel Northern Tiger to the dizzying heights that Kaminak and ATAC have been reaching lately.

The 3 Acre property is where I am betting Northern Tiger will makes its material discovery and may be just as big as ATAC or KAM. Only time and the drill bit will tell. NTR remains a solid buy on weakness. If you can get this baby anywhere below .25 you will be richly rewarded. If not this drill season, the next. The Yukon White Gold is going to be an area that will be in play for the next few years and more than likely you will see several gold mines. Underworld's discovery at Golden Saddle was just the start of a mad gold rush to the Yukon which will see billions of $$$ of investment over the next decade.

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