Very bullish comments from newsletter writer Jeb Handwerger just sent out to his subscribers:
"One early stage gold and silver explorer, Rainbow Resources (RBW.V), has recently received positive results from its 100% owned Gold Viking Property in Southeastern British Columbia near the village of Slocan, which showed a discovery of high grade gold and silver near surface.
Finding high grade gold and silver on the first round of drilling is truly astonishing. Rainbow’s experienced technical and geological team with over 4 decades of mining experience brings a competitive advantage to this early stage gold and silver explorer who is attempting to make a discovery near historical mines. The other major project, Jewel Ridge, is along strike and contiguous to Barrick’s prolific Ruby Hill Mine to the north. Rainbow Resources just announced results from recent drilling which showed high grade silver mineralization that exceeded the company's expectations. Rainbow believes there is a lot of potential for a major gold and silver resource as Barrick's producing Ruby Hill gold mine borders it to the north and Jewel Ridge may be the continuation of that mineralized trend. The company has been invited to the world class PDAC Conference in Toronto to present samples from both Jewel Ridge and Gold Viking.
"In conclusion, Rainbow has a strong management and technical team which owns approximately 17% of the company. With around 40 million shares outstanding the capital structure is tight and investors are able to get in near 2012 lows despite two major gold and silver discoveries. Currently sentiment in the junior mining sector is low and even good news is disregarded. When this market turns investors will look to see which companies have been active and have made discoveries. Rainbow may be one that attracts the interest of investors looking to capitalize on the discovery process. Rainbow has already made a high grade gold and silver discovery in British Colombia and at Jewel Ridge in Nevada. Do not forget Rainbow also has graphite claims around the only graphite producer in Western Canada. The graphite equity market is beginning to see more activity."