LOTM: Our Favorite Gold Miner is on the Move

Karora Resources (KRRGF)* $2.85

  • Strong cash flow and fundamentals.
  • Large property rights to expand into.
  • Technical benchmarks checked off for positive trend
  • KRRGF is an over-weight position in the LOTM: Ten Under $10 for the Double.

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Price is up 18.8% from its recent lows of $2.38. Based on LOTM projected company fundamentals and goals, physical gold maintaining is current price, LOTM suggest that at 10 time 2023 earnings and a P/E ratio of 10, Karora can trade in our target zone of $8.00 to $12.00 USD.

The stock is cheap at the current price trading at a trailing P/E ratio of 6. We suggest it is a buy and an aggressive buy on pull backs of as little as $0.10 to $0.20.

Karora is basically unknown outside of industry circles. It is a nugget waiting to be discovered by retail and American institutional investors – pun intended.

Three year chart.

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* An account related to LOTM holds a position in this security.
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