There are few opportunities in the market for a 10 bagger, but what about a 100 bagger? Yes that`s right, having a share increase in price by 10,000%. Obviously any such investment does involve a very high degree of risk, but sometimes the reward outweighs it.
One such stock is Olivut Resources, OLV.V, and they are drilling for diamonds in Canada. One big plus this company has going for it is Pierre Lassonde, a mining legend invested his own money in it.
They are expecting drilling results from their property any day.
"
In a recent interview with Pierre Lassonde, who owns 18% of Olivut
Resources (OLV), we were reminded of the recent developments at Olivut
Resources. Olivut Resources is a development stage exploration company
which primarily holds a 100% share in the HOAM project in Canada, which
is a huge kimberlite deposit. The value of this deposit could control
the top end of the diamond market. Pierre Lassonde talks about a possible 100 times increase in the share price
because the site could contain an in situ value of $20 billion and a
net present value of $2 billion. The market capitalization of the
company is currently just $36 million.
Based on extremely positive indicator mineral chemistry, geophysics
and drill results to date, management believes that there is a high
probability that economic kimberlite pipes remain to be discovered in
the project area. Drilling (10-hole drilling program) has…concluded for
the year…with results known by the end of 2012. Investors can speculate
on these pending results at a bottoming price level as seen in the chart
below. "
More can be found here
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