URGENT: Kerr Mines, Inc have changed their ticker to KERMF
Published: Wed, 05/31/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “alert” to 97000 to receive our instant, reliable and free SMS alerts. Good morning, URGENT... Our alert today Kerr Mines, Inc have changed their ticker to KERMF. Please get KERMF up on your trading screen now. All the best. ---------------------------------------------------------------------------------------------------- Traders and Investors, It has been a little while since I have profiled a mining company, so I am especially excited that I've found a really good one... A junior exploration and development company with a billionaire shareholder no less. Get Kerr Mines Inc (AISCF) on your screen now, and make sure you read below in full. As always, let's look at the technical setup first. AISCF made a nice run back in March/April from under $0.10 to around $0.17, before pulling back to around $0.12 and consolidating over the past month. It's been in a tight trading range of around $0.12 to $0.14 over the past 5 weeks, and has held above its 50 and 100 day moving average support over the past week. Tuesday we saw a major volume surge on this news that the Company has appointed a Director of Exploration and Geology, and AISCF finally began to breakout from its tight recent trading range before it pulled back into the close. We think this technical setup could be perfect for a breakout to the upside. Supply and demand is currently at equilibrium, and support is strong. If we see some buy volume come, we think AISCF could rapidly breakout higher to test its recent 52 week highs, giving us short term upside of around 28%. So the chart looks hot, what about the company? Kerr Mines Inc (AISCF) is a North American gold exploration and development company based in Toronto, Canada. In case you've been living under a rock, you'll know that gold has been one of the hottest investments over the past couple of years and with all the economic and political uncertainty, gold is showing no signs of slowing down. And AISCF is poised to capitalize... big league. If you don't believe me, just follow the lead of billionaire investor and precious metals guru Eric Sprott who holds a 9.4% position in Kerr Mines (AISCF), and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks. AISCF is currently advancing the fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within a 12,000 acre land package that historically produced 500,000 ounces of gold. The focus for the Company is to maximize Copperstone's potential by defining and expanding current resources and strengthening the mine's economics leading to a production decision. The Copperstone property is fully-permitted with extensive infrastructure in place, meaning Kerr Mines has a 450 ton-per-day mill already onsite and the tunnels going down to the high-grade gold ore are already there. Electricity and water are there too. In other words, the infrastructure which can cost many millions of dollars to setup already exists at the site, so the cost to AISCF is to produce is low... much much lower than a greenfield project. So how much gold is there you ask? There are 942,000 ton of Measured and Indicated gold ore with a grade of 10.3 grams per ton. That’s some high-grade gold!!! On the Inferred side, there are another 335,000 ton with a grade of 12.2 grams per ton. That’s in the soon-to-be further explored “South Zone”, which has great potential in itself. In the Proven and Probably category, AISCF has 910,000 ton with an average grade of 8.8 grams per ton. That's some serious potential profits right there. Now you can see why billionaire Eric Sprott got his checkbook out and bought into the project. All in all, I'd say AISCF could be on to an out fo the park home-run here. Based on the market cap and share price of other peer gold mining companies, you can see why many people consider Kerr Mines (AISCF) to be extremely undervalued at these levels. Let's look closer at an apple to apple comparison between AISCF and another peer company... Wesdome Gold Mines (WDOFF) is trading at around $2.35, with a market cap of some $240 million. The production estimates per their website are between 52-58 (AuEq koz). Kerr Mines (AISCF) has almost the same production estimates at 40-50 (AuEq koz), but is only trading at $0.135 with a market cap of just $26 million. If AISCF had a similar valuation to WDOFF, its share price would be around $1.30, some 10x higher than it is right now!!! And that's not even taking into consideration Kerr Mines' other properties. Per their website, AISCF have significant interests in three more large properties. So, as you can clearly see, AISCF has a lot going for it. The Company has major interests in some potentially very profitable property, and infrastructure all set up on one property that will allow them to produce gold at a much lower price than they would be able to otherwise. AISCF has a billionaire investor on board - Eric Sprott owns 9.4% of the company, and director/insider ownership is at 47% - a real vote of confidence if ever I saw one. At its current price AISCF could be tremendously undervalued. And the chart setup is screaming breakout after a prolonged period of consolidation. Make sure you get AISCF on your radar now, do your research, and be ready for the market open. --------------------------------------------------------------------------------------------------------
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