The BMR Top 50 Opportunities List finished with a gain of 118% at the end of 2016, vastly outperforming the markets. By comparison, for the same time frame after the Top 50 List was unveiled in early December 2015, the Venture surged 47%, the TSX climbed 14.4%, the Dow was up 10.7% and the NASDAQ added 4.7%. Gold rose 6%.
Individual category performances (comprising 50 stocks) are as follows:
PRODUCERS: Up 69%
NEAR-PRODUCERS: Up 146%
EXPLORERS: Up 129%
EXPLORER SLEEPERS UNDER A NICKEL: Up 229%
NON-RESOURCE: Up 78%
In tonight’s report is an updated performance review of each category through December 30, 2016, and comments on the “best of the bunch” for 2017. We will be introducing a new 2017 list and format in the near future.
Overall, 38 or 76% of the 50 picks increased in value while 12 were down. Twenty-two out of 50 stocks gained 100% or more, including 15 or 30% that advanced by >200%.
The top 10 performing stocks were as follows:
Cordoba Minerals (CDB, TSX-V): Up 461%
Lithium X Energy (LIX, TSX-V): Up 451%
Kiska Metals (KSK, TSX-V): Up 400%
Pure Gold Mining (PGM, TSX-V): Up 395%
Cannabix Technologies (BLO, CSE): Up 363%
Adventure Gold (merged with Probe Metals, PRB, TSX-V): Up 342%
Walker River Resources (WRR, TSX-V): Up 320%
Aphria Inc. (APH, TSX-V): Up 294%
Gold Standard Resources (GSV, TSX): Up 290%
Goldmining Inc. (GOLD, TSX-V), formerly Brazil Resources): Up 288%
The best-performing resource stock on the Top 50 List for the 4th quarter of 2016 was Garibaldi Resources (GGI, TSX-V) with a 93% gain following game-changing recent confirmation of the first magmatic Ni-Cu-PGE-AU-Co massive sulphide system in northwest British Columbia’s prolific Golden Triangle, 10 miles southwest of Eskay Creek and 20 miles west of Pretium Resources (PVG, TSX) high-grade Brucejack Gold mine slated for commercial production later this year.
The top non-resource plays on the Top 50 List for the 4th quarter were Cannabix Technologies, up 138%, and Canopy Growth (CGC, TSX), up 126%.
NEW ADDITIONS
Not included in the above statistics is a second category of 50 additions (New Additions) to the Top 50 List during the course of 2016. Combined, that group posted an impressive 19% gain (higher on an annualized basis) with the top 5 performers as follows:
Almadex Resources (AMZ, TSX-V): Up 160%
Ascendant Resources (ASND, TSX-V, formerly Morumbi Resources): Up 156%
Canadian Zeolite (CNZ, TSX-V): Up 149%
Dolly Varden Silver (DV, TSX-V): Up 140%
Savary Gold (SCA, TSX-V): Up 100%
Note: Past performance does not guarantee future results. You should not rely on any past performance as a guarantee of future investment performance. Our stock coverage is for informational and entertainment purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. No investment opinion or other advice is being rendered on any stock or company. We strongly recommend that you consult with a qualified investment adviser, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research before making any investment decisions. The stocks we cover, by definition, are highly speculative and potentially very volatile. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks. We are not Registered Securities Advisers. Our opinions can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Adviser operating in accordance with the appropriate regulations in your area of jurisdiction.
1. Targeting a junior that’s likely to be bought out in 2017…
2. Our favorite 2 Gold producers and an emerging high-grade producer that could roar in 2017…
3. Last year was just a warm-up act for this summer’s BIG SHOW in the Heart of Gold Camp…
4. Quadruple your money on this low-priced tech-related play in 2017…
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EQT had some great promoters and, as mentioned in yesterday’s comments, CXO does for the upcoming year as well. GGI has a great story, but do they have a promotions team in place to help capitalize on their story?
Comment by johnz — January 5, 2017 @ 10:11 pm
A cool million for DVR – nice.
Mr. David MacMillan reports
DEVERON MONETIZES LEGACY ASSETS
Deveron UAS Corp. has tendered 100 per cent of its shareholdings in Boreal Agrominerals Inc. to an offer from 9949941 Canada Inc. to acquire 100 per cent of Boreal by plan of arrangement. On closing, the company has received an initial payment of three cents per share on its original holdings of three million shares, totalling $90,000. In total, Deveron is to receive cash considerations, after the payment of certain obligations of Boreal, of approximately 32 cents per share to be paid in three tranches:
Three cents per share immediately after Dec. 30, 2016 (completed);
12 cents per share on or before the six-month anniversary of the effective date;
17 cents per share on or before the one-year anniversary of the effective date, which could be extended to the second anniversary of the effective date.
The arrangement agreement calls for total cash consideration to Deveron of $960,000.
“Deveron continues to see sizable growth opportunities in its drone data business as we head into 2017,” commented David MacMillan, Deveron’s president and chief executive officer. “Monetizing legacy assets provides ample capital for the growth of our network of drones as we target expansion into Western Canada and select opportunities in the United States.”
We seek Safe Harbor.
Comment by Jon - BMR — January 6, 2017 @ 5:57 am
And Jon .. no dilution!!!!! smart guys
Comment by Jeremy — January 6, 2017 @ 6:10 am
And DVR still has $100,000 cash coming in from the Parlane deal from last year…in total that’s $1.1 million, negates the need for another financing…
Comment by Jon - BMR — January 6, 2017 @ 6:40 am
So many stocks Jon, geesh.
Johnz – have not heard on PMA, but they are tight lipped. The deal has been agreed, so I do expect the signing soon.
Comment by dave — January 6, 2017 @ 11:06 am
Yes.. a lot of company’s to consider. And an awesome recap of them .You guys at BMR are the best IMO!!.. as I have stated numerous times.I noticed HIT. was not included.Jon..was it deleted, or an oversize?? Thanks.. in advance..
Comment by GregJ. — January 7, 2017 @ 4:49 pm
HIT was only mentioned as a trading opportunity, and separate from our Top Opportunities List, late in the year, GregJ, when it was hovering around a nickel in mid-November. It made a run but is back at a nickel again. We’ll update soon.
Comment by Jon - BMR — January 7, 2017 @ 6:54 pm
Re: HIT. Thanks for asking about this one Gregl. I had the same question. It appears to me as a good buy at current levels. took a hit (pardon the pun) from last earnings report but as BMR pointed out they have reduced expenses and launch of new products for iphone 7 should help bottom line. Over Christmas I went to a few local bestbuy stores and the product they had was hard to find _ i was told the Hitcase was popular and flying off the shelves.
Comment by Foz1971 — January 7, 2017 @ 8:45 pm