Why Great Boulder Resources Ltd Jumped 28% Higher Today

At the time of writing, shares of Great Boulder Resources Ltd [ASX:GBR] are up by 24.36%, to 48.5 cents per share. Great Boulder is a nickel-copper explorer, with tenements across Western Australia.

Why did Great Boulder Resources Ltd shares do this?

The company announced that it hit thick, massive sulphide mineralisation at the Eastern Mafic complex, within its Mt Venn project today.

What now for Great Boulder Resources Ltd?

Great Boulder Resources could reignite the resources sector this year. I don’t say this lightly, mind you. I’ve got 12 years of experience analysing resource companies and trading financial markets.

Let me be clear: very few companies tap thick massive sulphides.

Here are the numbers:

Source: Great Boulder Resources

We’re seeing a lot of disseminated sulphides, which aren’t worth much. But there’s also some decent intersections of semi-massive, matrix and massive sulphides. In other words, even if these drill holes don’t prove the mother lode, the company could have hit an extension of the ‘big one’.

Now, while the story sounds good, the market won’t get excited until it sees the assay results. If they don’t deliver, the share price could fall sharply.

That tends to happen in the junior end of the market.

But, don’t write this stock off…it could be on the verge of something big.

Who knows, it could have already tapped the ‘juice’ on this drilling program!

The bottom line: I like where the company is going. If it announces thick and high-grade nickel-copper sulphides soon, the share price could explode and reignite the resources sector this year!

Jason Stevenson,
Resources Analyst, Markets & Money

PS: Interested in mining stocks? My free new investor report, ‘The Top 10 Mining Stocks for 2018’, does exactly what it says in the name. I look at 10 companies that could make you huge money this year, and beyond. To download that report free, go here.


Jason Stevenson is Markets & Money’s resource analyst. He shares over a decade’s worth of investing and trading experience across resource stocks and commodity futures and options. He originally studied accounting and finance at Curtin University, where he was awarded a first-class honours degree. His professional background stems across high-net-worth, top tier accounting (corporate finance, tax and auditing), and sell-side equities research. Before joining the team at Markets and Money, Jason worked at boutique firms which advised fund managers and high-net-worth clients on where to invest. Whether it’s gold, crude oil, copper or an obscure metal like vanadium, you can rely on an in-depth analysis in Markets and Money. Jason also brings you extensive macro, political and geopolitical analysis from around the world. He leaves no stone unturned when it comes to telling the truth. Jason is also the lead analyst of Gold Stock Trader, a premium service for investors serious about precious metal stocks. Websites and financial e-letters Jason writes for:


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