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Soldi Ventures SOV.V
Shares Out… 9.6M
Capex… $3 million
Followed @ $0.17 +0.22 / 129%
I have mentioned Soldi Ventures a few times early back when I was talking about the Rainy River Gold Camp and Ontario exploration in general. SOV is my early stage exploration pick to be a big winner in the area. Since initial coverage you could have picked this one up between .17 and .20 and has now recently gone on a good run. Even at .30 I think this company is materially undervalued for their prospects and the attractive land position in the area that they have put together. Soldi Ventures is a newly formed public company that looks to be going places next year as they start to kick off their exploration programs and not many know about Soldi yet, so the story is very new and in most aspects hasn't even begun to hit the presses yet or on many peoples radar screens.
Obviously Mineral Mountain MMV.V has a very nice property that they are exploring in the Rainy River Gold Camp and is a top pick, as well as you can never go wrong with Nelson Baker at the helm, but they have 3 highly prospective properties that could all be company makers. Shining Tree, Kootenay Arc and Rainy River...
So my top pick for one company that is solely focused in grassroots exploration in the Rainy River Gold Camp is Soldi Ventures. At $3 million market cap, this company is extremely undervalued for the potential, does not have many shares out and could rise materially on a moments notice. SOV has put together a very attractive package announcing today that they staked an additional 50 claims bringing the Rainy River Block B total to 16,000 acres.
These properties include greenstone type targets as well as shear zone targets. To date they have 4 properties that include…
CameronLakeBlocks A & B (3,040 acres)
- Cover several km’s of Pipestone-Cameron Shear Zone (major regional structure)
- Structure hosts Cameron Lake Deposit 1.3M oz @ 1.84 – 2.77 g/t au which is 2km from SOV border
- Property covers 2 additional connecting shear zones (2nd & 3rd order) with known gold occurrences connecting to another gold deposit on the adjoining property
RainyRiverBlock A (1160 acres)
- Straddles major regional fault 5km southwest of Rainy River Deposit (5M oz’s)
- Structure pinpointed to 100 meters
- No drills have hit the structure to date
RainyRiverBlock B (16,000 acres)
- Covers 21 km strike length of a greenstone belt beside a major regional fault
- Highly prospective for volcanogenic gold and VMS mineralization
RainyRiverBlock C (800 acres)
- Adjoins Rainy River’s Off Lake Property
- Prospective for VMS base/pm type occurrences
Soldi Ventures is very early stage, but they have now finished acquiring and reviewing an impressive portfolio of properties and I expect that this winter’s exploration programs will start to unlock the value and the potential of these properties. I see Soldi Ventures as extremely undervalued going forward. They have 2 types of exploration targets going after Greenstone type deposits like the RR’s 5 million ounce deposit as well as district scale shear zone targets like the Cameron Lake Deposit (1.3M oz’s). They have known gold occurrences on their properties and are ready to tackle the next step in making a quality exploration company. Develop their properties into ones that host attractive deposits.
SOV is an extremely undervalued grassroots exploration company in the Rainy River Gold Camp that I highly recommend and could be the next company to be onto something material in Rainy River. This may be the next Rainy River if they hit big and at $3M market cap sitting in the same area on highly prospective targets as a company that will soon hit $1B market cap, is definitely priced right.
I like those chances...
I really don’t need to imply a share price value, but if they do find the next 5M oz deposit in the area and manage the share price well and minimize dilution… SOV could end up being a $10 stock on a material discovery. That is all depending on how the drill bit turns out though. SOV is in the right spot and priced right. If RR gets bought out and SOV starts making progress on their properties hitting gold, a lot of that money will pile into SOV.
Soldi Ventures SOV is a solid buy on any weakness and looks like it may already be breaking out to the upside in a material way.
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