Great investments with tremendous potential in a modernizing world.
Roxmark Mines (RMKL in Canada on the CNQ exchange, RMKMF in the U.S.), is a Canadian junior gold and molybdenum mining company with 12 properties in Northern Ontario. Roxmark is probably the closest junior miner to molybdenum production, which should come in the next couple of months, and they should get listed on TSX soon, too. Both events should help it move much higher from the CNQ doldrums it's been in (CNQ is seen by some as the pink sheets of Canada). They also have great prospects for high-grade gold, with some of the richest old gold mines in Canada.
Here's a good article about molybdenum that mentions Roxmark: http://www.321gold.com/editorials/moriarty/moriarty042006.html
If Roxmark gets some of the performance that other molybdenum stocks have had in recent months (IGMI has tripled, AUA has quadrupled), the stock should perform very nicely, and their gold properties should help them to tremendous long-term appreciation. If they can reopen some of their six formerly producing gold mines and use new technology to get the gold, Roxmark could be an enormous winner for the long term. The near-term revenue from moly this year will help them fund the development of the old gold mines.
We believe Roxmark shares are likely to go much higher over the long run if things go as planned. We like the molybdenum giving them near-term revenue, the TSX listing giving them more investors in coming months, and the huge upside with the gold properties. RMKL just broke out of its base from the last year under .20, and is trading at around .21.
If you buy RMKMF, it's probably best to get a quote of RMKL (from a broker or the CNQ exchange directly
) in Canadian dollars first and calculate the U.S. dollar amount you want to pay for RMKMF. The Canadian dollar is at about .88 vs. the U.S. dollar. It trades really thin, but that should improve once they get listed on the TSX (Toronto) and go into molybdenum production. It will be much easier for Canadians to trade once it starts trading on the TSX.
You can get more info on Roxmark at http://www.roxmark.com
Disclaimer: Great Investments may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock.
Great Investments contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable
for any specific person. Great Investments does not provide personalized investment advice.
Enter your email address in the box below to get emailed any new blog entries (within an hour or so of an update).
Your email address won't be listed or sold.