2020 has been a volatile year for the overall market as governments around the world work to contain the spread of the COVID-19 virus. In order to support local economies, these governments have printed trillions of dollars and this is a trend that is not expected to change until a vaccine has been found for the virus.
Precious metals have been one of the greatest beneficiaries of the COVID pandemic and this is a trend that we expect to continue for the foreseeable future. Gold, silver and copper, have traded at record highs this year as investors look for new verticals to protect themselves against inflation and we have been working to identify companies that should benefit from this.
The mining sector has been one of the best performing verticals so far this year and we have become highly focused on this industry. When it comes to identifying leading operators, we are looking for businesses that have specific traits. Most importantly we are looking for a company that is well funded, owns attractive assets, and is led by a management team that is focused on execution and creating value for shareholders in the past.
Last month, we initiated coverage on Victory Resources Corporation (CSE:VR) (FWB:VR61) (VRCFF) and believe that it is an opportunity that possess these traits. The company is led by a management team that has a proven track record of success in the mining industry and we are bullish on the direction that they are taking the business.
Victory Resources Thesis
During the last quarter, Victory has reported several major developments and we are bullish on how the story has advanced so far this year. Going forward, we believe that the company is well positioned to record strong growth for the following reasons:
- Victory is executing on a multi-faceted growth strategy and owns attractive mining assets
- The company has been strengthening the balance sheet and has been commencing more projects with the capital
- Victory is led by a management team that has a proven track record of success and that is focused on creating value for shareholders
- The company has attractive potential catalysts for growth, and we believe that the market is discounting the growth prospects that are associated with the properties that it owns
- At current levels, we find the valuation to be attractive and the risk-reward profile to be favorable
Pursuant to an agreement between StoneBridge Partners LLC and Victory Resources (VR) we have been hired for a period of 180 days beginning August 24th, 2020 and ending February 24th, 2019 to publicly disseminate information about (VR) including on the Website and other media including Facebook and Twitter. We are being paid $6,500 per month (VR) for or were paid “ZERO” shares of unrestricted or restricted common shares. We own zero shares of (VR), which we purchased in the open market. We plan to sell the “ZERO” shares of (VR) that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (VR) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.