Parabolic move aheadPotential 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
