Gungnir Resources, Inc. (ASWRF)

[ThSeeker]

Gold Investment comments:

Gungnir and Timberline Buying Opp




Good Afternoon,




I'll keep this short and sweet mainly for readers already involved and aware of these companies, which are both in my top 10 junior gold recommended list. Gungnir Resources (GUG/ASWRF) and Timberline Resources (TLRS/TBR) have been drifting lower for several months and are now becoming extremely attractive valuations to buy in. I've attached weekly charts on both stocks and two things stock out to me.


Gungnir has pulled back in a very systematic way since early 2016, retreating 50-60% from highs every 6-8 months, followed by multi month rallies to new highs. Investors that add/added around the areas circled have become quite pleased in the ensuing 3-6 months and we are at that level right now. This is an excellent gold junior company with a very exciting story in Sweden, major nickel assets, new discoveries from last season to follow up on, and a $1MM annual incoming cash royalty. I'm reiterating my strong buy on GUG....buy up to 15 cents CDN


Timberline Resources is now approaching a major long term support area, which you can clearly see on the chart. The price is oversold on low volume. Uncertainty around the Talapoosa option payment due this spring has investors on the sidelines. However, there are a lot of possibilities on how this shakes out in the next 60 days, anything can happen. Even if the worst case comes and they give the project back, the company has 800K ounces of gold at Eureka and Seven Troughs to build on and right now that gold can be bought for about $6 an ounce in the ground (just Eureka). Downside is very limited at current prices and I continue to recommend accumulation.