Exerts from link Today’s ASX listed microcap stock appears be...

Exerts from link

Today’s ASX listed microcap stock appears be shaping up for a big 2017.
Currently capped at just $5.5 million, this company has just raised $1.2 million, and recently completed its maiden gold drilling program near Kalgoorlie – the results of which will drop at any moment.
It has also just acquired a Canadian cobalt project with multiple occurrences of cobalt bloom, and has a large advanced zinc project, but it looks like the market hasn’t quite factored in the value of these projects.
However, all that might be set to change very soon. Particularly with a new CEO appointed recently to ramp up activities.
This company’s Trojan Gold Project sits around 50km from Kalgoorlie, home to the 50 million ounce plus Kalgoorlie super pit, and a sprinkling of other multi-million ounce operations that dot the landscape.

Overland Resources (ASX: OVR) is a bit of a gold bug – with a handy zinc and cobalt upside to boot – and late last year the company secured an option to acquire and develop the Trojan Gold Project near Kalgoorlie in WA.
The timing could have hardly been better with gold prices recovering with aplomb, and the valuations placed on a series of Aussie gold miners being pulled higher at the time.
While gold prices have fluctuated, they have remained strong and thus OVR wants to join the rank and file of previously successful Aussie metals companies, specifically those on the lookout for gold.
This gold allure could have something to do with gold prices having found a footing above US$1,200/oz (A$1,600/oz) and looking likely to stay there. Some analysts are calling for even higher gold prices and while we don’t have a crystal ball, we do have an eye for well-priced small caps.
The fact that market conditions are now improving, suggests that a little $5 million-capped nugget like OVR could end up with bigger valuations sooner rather than later, as the recovery gathers momentum and gold prices gather altitude. Not to mention the company’s advanced zinc play and recent exposure to cobalt to add to the valuation upside mix.

The final piece of the puzzle came earlier this month, when the company acquired 100% of the McCleery Copper-Cobalt Project in Canada’s Yukon Territory.
With previous exploration focusing on copper mineralisation, given current market sentiment on cobalt, today’s company saw upside in the cobalt play, with historical reports indicating only one sample from the Project had ever been assayed for cobalt – returning 0.76% Co and 14g/T Ag.
These numbers and the fact that no exploration had previously focused on cobalt, were enough for the company to add another metal to its growing and quite substantial portfolio.
This is an early stage cobalt play, but as cobalt continues a very bullish run due to its place in the ever growing battery market…. Watch this space.
Essentially this company is targeting near term gold production in WA, but will also see some action on cobalt in the northern hemisphere summer and chase some value adding activities in zinc – and it’s currently capped at just $5.5M…