Parabolic move ahead
Updated
Potential for a parabolic move ahead for JRL
Located near the Tesla Gigafactory the Mcdermitt minesite sample results are expected in late January.
Tesla has recognised the potential of sediment-hosted lithium deposits, such as Jindalee’s 100%-owned McDermitt project in Oregon
If the release of the Mcdermitt's samples return positive it is likely we could see a parabolic move ahead.
JRL has relatively low volume right now (69k Average) and with a paper thin orderbook it is in a good position to break out.
The company is debt free and yearly income is on the right path to become positive.
Here are my price targets
2.08
4.13
6.60
Located near the Tesla Gigafactory the Mcdermitt minesite sample results are expected in late January.
Tesla has recognised the potential of sediment-hosted lithium deposits, such as Jindalee’s 100%-owned McDermitt project in Oregon
If the release of the Mcdermitt's samples return positive it is likely we could see a parabolic move ahead.
JRL has relatively low volume right now (69k Average) and with a paper thin orderbook it is in a good position to break out.
The company is debt free and yearly income is on the right path to become positive.
Here are my price targets
2.08
4.13
6.60
Comment
First Target Reached2.08 ✓
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.