New Gold Stock Idea – Newrange Gold (NRG.V)

Anyone who follows this blog for precious metals and mining stocks posts knows that I’m one of the more boring guys out there… In other words, I don’t typically chase after early-stage exploration plays that offer the most torque and upside potential (but are also beyond volatile!).

You know, most of the companies that I hold in my portfolio were hits yesterday, and/or stuff that has sold off, making these picks less sexy and more subdued than some of the flashier stocks out there…

Anyway, for the most part I try and maintain a balanced portfolio — Again, lots of mundane foundational companies, but from time-to-time, I’ll throw a curveball in there and target after something new and exciting.

Newrange Gold (NRG.V/CMBPF) is a recent new idea I learned about that I just added to the portfolio.

And the primary reason for that can be found below.

From Newrange Gold.

I’ll admit, I’m a sucker for high-grade North American gold discoveries!

Which probably explains why I added some more shares of Balmoral Resources (BAR.TO/BALMF) recently as well at C$0.68/share… Balmoral is a gold/nickel explorer focused on discoveries in Quebec but kind of a forgotten story in the gold industry.

But back to Newrange Gold…

Shares of NRG.V are up big today (and this week), and that’s probably due to all the hype that’s starting to commence with this stock pick… Lots of newsletter writers are putting out buy recommendations and there’s been a lot of site visits made this past week…

NRG.V just eclipsed a new 52 week high as I’m typing this…

I picked up 11,000 shares @ $0.471 USD all-in cost basis (~C$0.6248/share) earlier this week. Shares dropped to as low as C$0.57/share the other day and I seriously would have topped off with another order of 5k shares or so, but I was out all day and wasn’t able to follow up.

No worries, this is just a small punt for me… ~$5k USD investment.

Also, for anyone who is new to the Newrange Gold story and starting to do research, please be very careful about chasing this stock up as it breaks new record highs in share price! That’s certainly a dangerous, dangerous game to be playing, even for the most prospective ideas out there… Anything that runs too far, too fast will ALWAYS be susceptible to a major pull back!

Buying on the dips is the only real way to go about it…

Remember, no matter what, you can’t win em all! If the train runs away without you onboard, so be it… Typically, that same train breaks down somewhere along the road and has to return back full circle. So, keep in mind that second/third/fourth chances are normal, especially in the mining sector!

Again, as I like to emphasize on this blog, I don’t really keep too close tabs on early-stage exploration stories as that’s not really my forte/main focus with my mining stocks portfolio… For the most part, I like to stick to more proven plays and purchase shares after a company has already defined a mineral resource and is entering more of the development stage of growth.

But yeah, I’m an open book and don’t mind introducing just a dash of new ideas once in a blue moon…

 

Please also note — Early-stage exploration junior mining stocks are perhaps the riskiest speculations of them all! Never put in jeopardy capital that you can’t afford to lose and treat these things as nothing more than lottery tickets!

 

No, I haven’t turned a new leaf and although I’ve been accused of being nothing more than a reckless gambler in the past, I seriously haven’t altered my underlying strategy all that much…

 

When I swing for the fences, I also make sure to reinforce the portfolio with what I think are deep value plays…

Like the following…

I added some more shares of Sarama Resources (SWA.V/SRMMF) as well recently when it dipped to C$0.13/share.

Here’s where the mining stocks portfolio stands today.

As of 6/23/17.

Lately, I’ve been rambling on and on non-stop about Critical Elements (CRE.V/CRECF) and Birimian Limited (BGS.AX/EEYMF), so I thought I’d give you all something new to chew on with this update.

I’m a lithium/clean energy bull, but I still very much believe in the gold/silver/precious metals investment thesis as well.

It’s still extremely early days for Newrange Gold, but like many other speculators out there, I wouldn’t mind stumbling on the next major North American gold discovery, especially in Nevada of all places.

Who doesn’t want to find the next Goldstrike/Cortez (Barrick Gold; ABX)?

 

Yeah, yeah, yeah… I’m delusional and dreaming BIG again…

 

Fine, let’s be more of a realist… I’ll happily settle for the next Fire Creek (Klondex Mines; KLDX), or Long Canyon (the old Fronteer Gold). If Newrange Gold can pull something on the order of that magnitude off, I’m sure shareholders will be plenty pleased with their gains.

 

Thanks for stopping by!

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FI FighterA Frugal Family's Journeywodtha Recent comment authors
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wodtha
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wodtha

Jesus man, kinda overweight gold & silver. Where’s your uranium exposure?

A Frugal Family's Journey
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Holy cow…I think its safe to say you like mining and precious metals stocks! Not your traditional stock portfolio by any means but people do say that success comes from doing things that others are willing to do.

I’m not sure I have the guts to not diversify into other categories. Personally, my risk tolerance requires that I am more diversified. I do give you credit for at least trying to diversify yourself among companies within your portfolio.

Thanks for sharing. Wising you nothing but success. AFFJ

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