Welcoming a New Partner: Rokmaster Resources Corp. (TSX-V:RKR)
Rokmaster Resources Corp. (RKR.V) is an advanced explorer with its flagship project called Revel Ridge. The project is located in the mining friendly jurisdiction of British Columbia, Canada and is as per the company’s presentation “One of B.C’s largest undeveloped precious & polymetallic deposits”. It is quite advanced and boasts a resource of around 2 Moz, with a lot more to come if you ask me, given the recent exploration success. Last year the company released a Technical Report which showed an after-tax NPV for the project of C$423 M at a gold price of US$1,561/oz.
Personally I think it’s one of the best risk/reward cases out there with an emphasis of margin of safety. There is a catch however and that is that the company needs to pay C$44.2 M over 5 years, in a staged approach, in order to gain 100% ownership (No royalties). Unless the gold price craters in the coming years I doubt it will be very hard to raise the money and acquire the project given how few advanced, large, high grade, underground deposits there is in Canada.
I own shares and was happy to have the company come on board as a banner sponsor of The Hedgeless Horseman. Be on the lookout for a piece where I go through my personal investment case for Rokmaster Resources in the future.
Note: This is not investment advice. Due your own due diligence and make up you own mind. I am a shareholder and the company is hereby a banner sponsor. Therefore assume I am biased.
Best regards,
Erik Wetterling / The Hedgeless Horseman
