Greencastle Resources (VGN, TSX-V) is becoming active once again in the Gold exploration sector, the trigger for us in adding Greencastle at 14 cents as the eighth stock in the BMR Portfolio.
The risk-reward ratio with Greencastle is extremely attractive. The company is trading at cash value and the stock is looking stronger from a technical point of view with a reversal in its 100-day moving average along with an increase in volume this month. The company appears determined to make some noise in the Gold exploration space and they’ve proven they have the ability to make that happen.
