The “pre-drill” moment. This is the most binary, high-upside point in a junior explorer’s lifecycle — after enough work to validate a target, but before the drill holes that either confirm or deny it. Lodestar is right there. The Black Diamond patent has never been drilled in over 100 years, and the current program is actively targeting it.
Stacked evidence, not just one data point. The story isn’t just “high silver samples.” It’s rock chips → soil anomaly → two independent DDIP geophysical targets → patent secured → drill now. Each layer independently points at the same zone, which reduces the chance that any one piece of data is noise.
Polymetallic upside. The metal association (Ag, Au, Cu, Pb, Zn plus pathfinder metals) hints at intrusion-related mineralization with potential depth extent — not just a near-surface silver vein. That’s a bigger story if drilling confirms it.
Patent = operational flexibility. Patented ground means full surface + mineral rights under the 1872 Mining Act. No land-access disputes, no permitting battles to drill what they want, where they want.
Management team alignment – CEO Lowell Kamin is well experienced in capital markets from Bank of America / ScotiaCapital large cap involvement and VP Exploration Leo Horn runs a stacked geological consulting firm from Australia.
Share Structure is favourable – At just 51,518,248 shares outstanding and insiders owning significant portion of it and funds investing due to management relationships at $0.20 / $0.30 warrants last financing – $0.12 is a bargain here ahead of results.
Project is well situated and surrounded by Majors.
Disclosure: We are long LSTR:TSXV