The record shows that one of the best times to invest in a new discovery is after it’s confirmed, but before the market realizes its true value.

Case in point: Rupert Resources (RUP.V; RUPRF.OTC) — with a gold discovery in Finland that may rank among the largest in recent history.

Dear Fellow Investor,

There were early signs of the company’s potential.

Rupert Resources (RUP.V; RUPRF.OTC) had already taken advantage of a bear gold market in 2016 to scoop up a 124-square-kilometer continuous land package (since expanded to over 325 square kilometers) in northern Finland on the cheap.

That project, named Pahtavaara (after a mine that operated between 1996 and 2014), came with a mill and a past-producing underground mine that Rupert subsequently showed retains a 474,000-ounce gold resource.

But then, as the drills began turning both around the mill and on the Area 1 zone Rupert had identified on the project’s western edge, the gold hits started to come with increasing frequency.

Major Agnico-Eagle liked what it saw, taking a 9.9% stake in Rupert worth C$13.1 million this past February.

Indeed, Area 1 had already produced five modest discoveries when the drills began turning on its Ikkari zone in April of this year.

Then Rupert released the first assays from the target (in the midst of a huge gold rally, no less), and its share price has been off to the races since then.

The “Eureka” Moment In Northern Finland

To see why, it’s important to understand that majors like Agnico are constantly on the hunt for near-surface, open-pittable (i.e., cheaply mineable) gold resources.

In today’s world, a solid gold grade for such resources is 1.0 g/t and even projects with resources of 0.5 g/t can be mined profitably, if they’re big enough.

Scale is important, which is why intersections of ~1.0 g/t don’t start attracting serious attention until the meterage of those intersections runs to at least 25 or 50 meters.

With that as context, it’s easy to see why investors stood up and took notice when assays from Ikkari’s first two holes hit the market:

• Hole 42 hit 137.2 meters of 1.8 g/t gold, beginning at just 10.8 meters depth
• Hole 38 cut 54 meters grading 1.5 g/t gold from 25 meters

But even those eye-popping widths of bulk-mineable gold don’t tell the full story.

As you see from the cross-section of these holes, the mineralization isn’t just confined to one small section of the holes — it’s distributed fairly even throughout.

That meant the potential resource at Ikkari didn’t look like it would be defined by high-grade but narrow intersections that are typically not as profitable to mine.

Share Price Goes Parabolic

So that’s a more granular explanation of Ikkari’s discovery holes, but the question you’ll rightly ask an investor is, “How did the market react?”

Favorably. Very, very favorably.

As subsequent assays have established the consistency of the mineralization over at least 500 meters in strike and to at least 260 meters depth, Rupert Resources’ share price has gone parabolic.

The near seven-fold gain RUP.V has experienced off its mid-March lows is neatly explained by key results from those subsequent holes.

In late June, Hole 59 hit 13 meters of 15.2 g/t gold 300 meters east of Hole 42, and Hole 61 cut 47 meters of 4.1 g/t gold 70 meters east of Hole 59, stretching the strike extent of the project to nearly the strike of the original anomaly defined at Ikkari.

Here’s a just a sample of what has followed:

• Hole 67: 172.4 meters of 1.3 g/t
• Hole 69: 171.2 meters of 3.0 g/t
• Hole 70: 143.6 meters of 2.1 g/t
• Hole 72: 200.9 meters of 1.5 g/t
• Hole 71: 167.0 meters of 4.2 g/t
• Hole 75: 181.0 meters of 3.6 g/t including 84 meters of 5.7 g/t

Simply put, the consistency, widths and grades of these intervals point to a target with an excellent chance of becoming a very mineable, multi-million-ounce gold deposit.

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The Opportunity Now…

Looking at Rupert’s stock chart, investors may think they’ve missed their chance with this stock.

But that’s definitely not the case here.

For starters, even with three drills turning at Ikkari (part of a property-wide drill program budgeted for 50,000 meters), the company hasn’t even begun to define the limits of the mineralization there.

Plus, Area 1 as a whole covers just 5 kilometers of a 20-kilometer-long structural trend that runs through Pahtavaara.

Odds are excellent that Rupert can use the same tools its used to find Ikkari to uncover more discoveries at Pahtavaara…and unlock its district-scale potential.

The history of mining stock speculation shows that rich — and lower-risk — profits can often come from investing in world-class discoveries after they’ve been confirmed but before the vast majority of investors have realized what’s going on.

In short, precisely the situation in which Rupert Resources finds itself.

Assuming the assays continue to come in as consistently as they have from this target, the upside from this point is both very large and very real.

And the momentum will be maintained in the weeks ahead, as Rupert’s early success allowed it to raise another C$25.6 million in July. So it’s fully funded to drill the project aggressively through next year.

Given the consistency of market-moving news flow Ikkari has been generating, you’ll want to own a piece of Rupert Resources in advance of more results and gold’s next big move.

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