Kerr Mines Inc (KER)

[goldenpolarbear]

Gold Surges And Kerr Mines Gears Up To Strike It Big!

2018 could be a huge year for Kerr Mines (TSX: KER) (OTC: KERMF) as gold ticks up and Kerr discovers big gold on proven reserves. Investors could be watching a perfect storm come together. The 3 catalysis I can see are, one gold prices are up, two the company has tons of cash on hand and three drill results are extremely positive. KER is trading at $0.25 ca. with plenty of support at these levels.

Claudio Ciavarella, Kerr’s Chief Executive Officer, was quoted in the Company’s 12-14-17 release as saying, “the Company’s first phase of exploration has been successful” and investors should look for an “updated resource and Pre-feasibility Study in Q1 2018”.

Since last July when KER/KERMF announced the closing of its first tranche of financing, the price of gold has gone from $1227 to $1332 at the close of trading Friday, Feb 2, 2018. That’s a substantial increase. Indeed, and the current trading range is right in sync with analysts’ consensus for 2018. That Outlook is for gold to continue gaining on an annualized basis well into 2019 where the average range is near $1400. That would add as much as $200 an ounce to the gross production price Kerr Mines could expect by the time their Copperstone Mine in Northern Arizona goes into full production. So, it’s no wonder their latest round of financing was over-subscribed. INVESTORS THINK ITS CHEAP STOCK!

In mid-January of this year, Kerr Mines announced that its mineralized zone was extended a whopping 255%! With strong support in the mid $0.20s and that is key point of contention, or in simple terms, it sets a buy opportunity moving forward with strong upside – especially when KER/KERMF updates its property’s report and pre-feasibility study. We see KER/KERMF as a potential double-bagger – or even more.

Let’s add something to that… all that glitters IS gold. Meaning, the Copperstone Mine is in Northern Arizona where precious metals are not suspended in rocks, but free, visible to the naked eye. What that means is ITS CHEAP TO MINE BY COMPARISON.

Let’s add some more! Gold prices have gone up $100 an ounce and the pundits believe there’s at least another $100 gain ahead – right about the time Kerr Mines’ Copperstone project goes into production. WHAM… a strong likelihood that KER/KERMF share price will climb, thus our outlook for a double-bagger or more.

Let’s take something else into consideration. With Kerr Mines explosive increase in its mineralized zone, its very likely that the resource will be extended even more. My mind reels from the [possibility] ore body’s extension – and potential increase in grade!!! A DOUBLE-BAGGER? Ha! Perhaps twice that, eh? Don’t laugh, our calls on other companies have been quite accurate over the past year and this company is proving itself to be in league with our overall outlook.

Remember [above] the CEO was quoted as saying Phase One exploration increased mineral expansion 255%. PHASE ONE! What about PHASE TWO!?!

SPROTT GOT A HOLE IN ONE WITH THIS ONE
If you follow Sprott’s investments, you would say that he is in KER/KERMF deeper than most and I doubt that he’s sorry about it. Every mining company yearns for a celebrity-type investor in precious metals to put up cash. Unfortunately, most don’t meet Mr. Sprott’s rigorous examination. After all, Eric didn’t get rich wearing a blindfold. But in Kerr Mines case, he pulled out his pen and put his money on the table.

So, what does Sprott’s past investment have to do with our outlook on KER/KERMF? Plenty. Savvy mining investors succeed for a reason… they do their DD.

https://financialstrend.com/gold-surges-and-kerr-mines-gears-up-to-strike-it-big-45395.html

I hope Claudio or Martin will be at PDAC in Toronto in early March 2018 and will be actually willing and able to clarify where this company is headed in 2019 with factual information and some positive financial information?