Like we talked about in a prior blog of ours, mining plays have been gaining momentum and popularity going into the summer months due to the increasing commodities prices, increased demand for precious materials and resources, and increasing exploration efforts worldwide.
At the forefront of the gold game is Vancouver, Canada based company, Gold Line Resources. Gold Line Resources Ltd., is an exploration company that engages in the acquisition and exploration of mineral properties in Sweden. The company focuses on gold metals and it has a wide variety of diversified properties, holding a large portfolio of exploration properties such as OijÃ¤rvi greenstone belt of Finland, gold line mineral belt, and Skelleftea belt located in north central Sweden.
Why We Like Gold Line Resources
When we see a blend of technical strength, expert leadership, industry growth,m and fundamental strength, that is when things get interesting. For Gold Line Resource’s case, they have the making of a perfect combo. With a strong board of directors lead by CEO Adam Cegielski, who has 20+ years in the venture capital industry including mineral exploration and also sold an industrial mineral project in Uganda to Agnico Eagle Mines (NYSE: $AEM), the visions set forth by the company are ones of rapid growth.
The potential payoffs their properties have are enormous as well. Sweden has been a growing hotspot for exploration due to its rich mineral belts, and Gold Line has clearly positioned themselves in the proper areas there with a strong portfolio.
Currently, Gold Line Resources is trading on the TSX under the ticker $GLDL.V, and on the OTC markets under the ticker $TLLZF. Trading around $.30 CAD, long term we see this stock reaching $1.00+ as the company continues its growth and exploration efforts. They already have had very strong Press Releases in the past, one that included the headline stating: “GOLD LINE RESOURCES AND EMX ROYALTY CORP SIGN DEFINITIVE AGREEMENT WITH AGNICO EAGLE FOR OIJÄRVI AND SOLVIK GOLD PROJECTS”. Keep in mind, Agnico Eagle Mines is a powerhouse company, listed on the NYSE trading around $70.
Gold Line Resources has formed a very strong base in the upper $.20 cent range and is looking to catch some bids potentially down here for a strong break of the flag and a run.
We are very excited about the potential Gold Line Resources has and watching their growth, but as always, do your own research and due diligence!