Last week's PortfolioDirect/resources weekly investment report gave a portfolio grade rating to Renaissance Minerals Limited
Last week's PortfolioDirect/resources weekly investment report gave a portfolio grade rating to Renaissance Minerals Limited. PortfolioDirect/resources seeks to identify those stocks most likely to produce excess returns from exploration surprise using transparent assessment criteria. Of the four stocks reviewed, only Renaissance Minerals was rated a suitable portfolio alternative. The Renaissance activities are centered on exploration properties in Cambodia. Exploration has been founded on a valid analogue that matches the observed geology and points to a larger resource position with potential for material resource development. With drill testing of the Rhyolite Ridge and Area 1 targets to begin this month (subject to monsoonal conditions), the company's program of work has the capacity to deliver telling results from an investment standpoint within a reasonable timeframe.
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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