The Conversation (0)
North Arrow Minerals Inc. (TSXV:NAR) maintained a “BUY” rating from Tommy Humphreys in a the March 2nd edition of Lawrence Roulston’s Resource Opportunities. Mr. Humphreys noted that Lukas Lundin “is “very encouraged” by North Arrow’s results.”
As quoted in the article:
Tommy Humphreys, in the March 2, 2015, edition of Lawrence Roulston’s Resource Opportunities, refreshes his buy of North Arrow Minerals Inc., recently 85 cents. Mr. Humphreys said buy on Sept. 30, 2014, at 58 cents. A $1,000 investment then is now worth $1,465. North Arrow’s stock rose to 84 cents from 68 cents on Friday, Feb. 27, following Thursday afternoon’s announcement of initial diamond recoveries from a bulk sample taken from the Qilalugaq project in Nunavut. The first 609 tonnes yielded 17 diamonds larger than 0.6 carat and two yellow stones above four carats. These results are significant more for the presence of yellows than the grades. Mr. Humphreys notes in his write-up (which he first published on his CEO.ca website) that Lukas Lundin, who runs the Lundin Group of companies (which includes Lucara Diamonds), is “very encouraged” by North Arrow’s results. Naturally, so is North Arrow’s chief executive officer, Ken Armstrong, who presented at the annual PDAC (Prospectors and Developers Association of Canada) conference from March 1 to 4. Mr. Humphreys says the presentation should spur interest in the stock. Although he notes that North Arrow is “HIGH RISK,” he considers any post-PDAC price weakness to be a buying opportunity.
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