Sunday, March 25, 2012

Insider Buying Alert - Northern Tiger Resources

One microcap gold explorer which I own and think is a good buy here is Northern Tiger Resources (NTR: TSX-V). The gold explorer market is severely depressed right now with many explorers trading at ridiculous valuations, but I expect that to change sooner than later.

"Northern Tiger Resources Inc. (NTR: TSX-V) is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon."

The 3Ace property has big potential! Here are some recent drill results:
  • 3A-11-19 - 1.18 g/t gold over 31.7 metres
  • 3A-11-33 - 2.58 g/t gold over 53.0 metres, including 17.72 g/t over 2.0 metres
  • 3A-11-34 - 4.37 g/t over 10.0 metres and 70.11 g/t over 1.1 metres          
Insiders have been buying: The CEO has purchased over 150K shares in the past month alone, most recently on March 16. 

I am long Northern Tiger.


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