STTCOMP BOE, TA Long Boss Resources Uranium and Gold
MCap~$60 m and $6.5m Cash on hand at last quarterly.
Approx 1.01 billion shares on issue.
Technical Analysis - Chart is uptrending and pushing against 6 cent resistance and had a good late run at the close today. If it breaks through 6 cents the next resistance is at 6.7c and then 8.3 cents.
I have a back of an envelope 12- month target of around 13 cents, but that is going to be dependent upon the Uranium price increasing, but with Cameco shutting their mine at the end of the year, supply pressures will only increase and it is just a matter of time before people start to get more interested in Uranium producers.
Boss also have a share of the JackHammer Hill drilling, it is not significant, but they have some great intercepts and further news will add to the volatility.
I am currently holding this stock from around 5.3 cents average.
BONANZA GOLD INTERCEPTS AT JACKHAMMER HILL
HIGHLIGHTS
• 14 m @ 110.6 g/t Au including 5 m @ 306.7 g/t Au including 1 m @ 1,499 g/t Au (48 ozs per tonne) (GHDD-111) (uncut)
• 15 m @ 5.72 g/t Au including 4 m @ 16.37 g/t Au including 1 m @ 42.1 g/t Au, and 9 m @ 4.13 g/t Au including 3 m @ 10.63 g/t Au including 1 m @ 25.3 g/t Au (GHDD-104)
• 10 m @ 3.44 g/t Au including 1 m @ 19.0 g/t Au (GHDD-103)
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