Jay Taylor, in the May 15, 2015, edition of Gold, Energy & Tech Stocks, refreshes his buy of Precipitate Gold Corp., recently 15 cents. Mr. Taylor previously said buy twice -- on April 15, 2014, at 15.5 cents and on Jan. 13, 2015, at 17 cents. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,849. Mr. Taylor says Precipitate's chances of achieving drilling success at its Ginger Ridge property in the Dominican Republic are relatively high because the project's surface geochemistry correlates well with high-chargeability readings. Thanks to an induced polarization survey carried out last year, the company has defined a 1,000-metre-long target to drill into. The editor notes that Ginger Ridge sits about 20 km south of Goldquest Mining's 2.4-million-ounce Romero deposit. In 2012, Goldquest's share price shot up on the release of high-grade assays, but then the company followed up with less robust results from economic studies, which combined with a bear gold market took its stock back down. Mr. Taylor reckons that the market's disappointment toward Goldquest likely hurt Precipitate as well. Regardless, he believes Precipitate's upside should be at least double or triple its current levels.
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