Buy Buy! Ultra-bull Niocorp DevelopmentsI have been following this stock for some time, and it is getting better and better. their long standing goals, producing commercial, industrial-grade niobium, scandium products are coming to fruitition. This includes securing the finances to embark on the endeaver (unofficial).
In the mining scene we have to be wary off the juristiction/country the mine is located in. it could get seized, laws could get passed that could dampen revenue or export be banned. But this is the opposite . It is located in Nebraska, U.S. and has tremendous political support . Niocorp Investor Presentation
Target is AT LEAST 25. This stock is very resiliant against war, and will actually benefit from it. more supply chain issues abroad , inflation, demand to name a few. I like the price right now, but could surely fall further.
We are near the support zone around 5.3, next is 4.7 zone then 3.9 zone. bargain zone: 2.6 - 2
Strategy: DCA
GL
Minerals
REMX Rare Metals ETFOn the 4H chart the price is rising above support and the recent bottom.
On the MACD indicator, the lines have risen above the zero line and
over the positive histogram. The moving average "Williams Alligator"
combination shows divergence with the short period MA rising the
fastest. On the volume indicator, high solid relative volume occurred
as the price reached support and has been more or less increased
compared with the moving mean ever since. The volume profile
showed the highest volume at the support level and price has now
crossed above and out of the high volume area.
Fundamentally, rare earth metals are a necessary component to lithium
batteries for EVs and everything else. China has a large number
of rare earth mines and can manipulate the global markets
in these minerals.
I see this as an investment play until there are signs the uptrend
has ended. I will take call option of $81 for the the 5/19 expiration
and close early if REMX makes reversal signals.
In the gold rush of 1849, those who made the most money were
the sellers of shovels and picks. I believe there are parallels
here with regard to EVs, and lithium and rare metals may
yield great profits and the same for EV charging stations
and battery technology. Eton Musk is looking to buy a lithium
mine and put a processing plant in Austin TX. Seems among
other things, he is a bit visionary with regard to lithium and
money. see also the link below
the start of the 3rd wave is nearcrab harmonic pattern:
X=$201.6
A=$0.02
AB=0.61 XA
BC=0.38 AB
0.78 BC=$3.76
0.88 BC=$4.68
1.13 BC=$7.97
1.41 BC=$14.7
1.6 BC=$23
0.78 XA=$28
2 BC=$53.4
0.88 XA=$70.5
2.24 BC=$90.2
2.6 BC=$206
1.13 XA=$668
3.6 BC=$1835
1.27 XA=$2474
4.23 BC=$7087
1.41 XA=$8830
1.6 XA=$60087
8/24/22 UUUUEnergy Fuels Inc ( AMEX:UUUU )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 955.43M
Current Price: $7.30
Breakout price: $7.35
Buy Zone (Top/Bottom Range): $7.10-$6.10
Price Target: $8.70-$9.00
Estimated Duration to Target: 40-42d
Contract of Interest: $UUUU 10/21/22 8c
Trade price as of publish date: $0.65/contract
Massive Cup & Handle on $GOLDThis can be best viewed on the weekly. It is currently retracing down building a mini handle, if this breaks to the upside the measured height of this cup would be a large percentage profit target. $dxy looks topped out and bearish along with the stock market and crypto currencies. Could gold make a comeback and outshine the rest of the market? The possibility is definitely still on the table.
3/20/22 RSReliance Steel & Aluminum Co. ( NYSE:RS )
Sector: Non-Energy Minerals (Steel)
Market Capitalization: $11.816B
Current Price: $191.50
Breakout price: $192.00
Buy Zone (Top/Bottom Range): $187.50-$181.50
Price Target: $209.20-$210.90
Estimated Duration to Target: 68-70d
Contract of Interest: $RS 6/17/22 195c
Trade price as of publish date: $11.30/contract
3/6/22 TECKTeck resources Ltd ( NYSE:TECK )
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 22.179B
Current Price: $41.49
Breakout price: $38.65 (hold above)
Buy Zone (Top/Bottom Range): $40.30-$37.10
Price Target: $30.80-$31.20 (Reached), $38.20-$38.90 (Reached), $46.00-$47.80 (3rd)
Estimated Duration to Target: 21-22d (3rd)
Contract of Interest: $TECK 4/14/22 43c
Trade price as of publish date: $2.18/contract
MP Material one of the best SPACs$MP has been, for sure, one of the best SPACs when it comes to performance. SPACs got hammered multiple times. Barely did some of the known ones hold the $10 ground and some of them now are traded in $2-$3 range per share if now lower. I had a very high conviction on $MP from its DA announcement and I am holding it from before the merger. Today, I see more strength given the fact that they have a good moat when it comes to rare earth material. After China, they are the biggest one in the world and practically the only one in the US. Electrification is becoming more strategic and there have been rumors that China has threatened American companies on cutting off the supply of the rare earth. This is a very strong position for $MP.
Their gross margin is not like a mining or material company, but like a tech company. This year they are projected to have an 82.10% gross margin on 446M revenue. The projection of the revenue for 2021 is 319.30M (137.7% growth compared to 2020). In 2022 the revenue growth rate is estimated to be around 40%.
EV/GP (Enterprise Value/Gross Profit) for 2022 is 15.1 and EV/GP/Growth for the same year is 38.1. It shows the price of the stock is fair. Considering the growth, the price could go lower in a short term to offer a nice opportunity to buy or add. As it can be seen on the chart after the short report released on the 3rd Feb, the price recovered relatively and today it experienced nearly 8% hike so far. This shows the interest in $MP is high. If we can get a 20% discount from these levels to around 30s before the 24th Feb (2021 Q4 earning release) I believe it is a good level to start collecting or adding. This is not financial advice. DYODD
MP (1D) - Midterm correction to continue ? Hi Traders,
I had Long position in MP Materials, because I realy like their business model and really think that in long term US government should and will be supporting companies which provide Rare materials for EV/Battery/drones/... and related sectors.
Regardles, the Fundamental Analysis.... Technical Analysis cannot be ignored. You can se alredy formed 1:1: Extension with overlaping of something what could be marked as abc uptrend correction of drop.
Im alredy OUT of position with some profit. Its too risky for my RRR ... and will wait for another crash. Everything important is in the chart.
As usually, I will notify you with my EW count of subwaves. In case that marked resistance zone around 46 USD will be broken upwards. than we should wait for retracement and confirmation of that area as a support (hence there will be chance to open long position).
Trade safe and enjoy the game ;)
WWR three-baggerHuge triangle in the making. Expecting the price to break up from current channel (happening right now), and then from the triangle itself. It will fly. Target @ 20, but I think it will do much more later on. Cheers!
ABML (1D) - LONG Setup - could this be the DIP ? Hi Traders,
Today my attention is at the ABML Stock, which is very potential mining // Rare materials refining company.
Important stuff for all those EVs and electronic gadgets like drones etc ... (You know, future :D)-
So Wave A and B is clearly easy to count. But wave C is tricky ... showing some overlaping what could be marked as triangle also.
I am alredy in LONG position with some cash prepared in case of another drop. Without stop-loss for now.
Let me know, whats your EW count and FA/TA analysis aboutthis stock ;)
Trade safe.
GSP - A Hidden gem - FOLLOW UPConsolidation periods closing out and were on a little run since the 50M HELM news.
14.5 million tonnes of proven reserves Tuskeg project to last the next 50 years at a median price of $500/tonne would yield $7.25B this thing is primed so well its going to BLOW at any time. Been accumulating shares of the past year and with recent news released there's lots on the horizon here. Current market cap of 117M and as per the last news release:
"The senior debt financing package for the Tugaske Project, being arranged by joint lead arrangers KfW
IPEX-Bank and Societe Generale, is expected to be for up to CAD $280 million with the financial model
supporting the robust economic viability of the Project. As highlighted in past news releases, all due
diligence reports from external consultants for the assessing the technical and commercial merit of the
Tugaske Project, its risks and its financial returns required by senior lenders are in final form and
supportive of a favourable credit assessment. Gensource will provide further updates soon with
respect to the senior debt financing for the Tugaske Project"
Conclusion:
I have a fairly large position relative to the size of my portfolio and am comfortable adding here as a relatively small cap wont get hit as hard to a proper correction I'm expecting before the end of the year. When the senior debt financing package is complete I expect to break $1 in which I will %20 of my position an the rest is running long!
souces:
gensourcepotash.ca
Vox Royalty - channel breakout progressTechnically this share price is making higher swing highs and higher swing lows, within a descending channel. Descending channels tend to break in the opposite direction of travel.
What is required is a breakout and retest of the upper bound of the channel, so investors know where the next level of support lays.
Unique, defensible intellectual property
Strong weighting to precious metals royalties
Exceptionally strong M&A pipeline
Track record of investing in royalties with significant growth or expansion catalysts
Built in diversification - Exposure to a portfolio of projects
Exceptional operating margins - No debt
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Construction commenced at Janet Ivy expansion project Binduli North by Zijin Mining subsidiary Norton Gold;
Scoping study begins on underground mining scenarios at Bowdens silver project by Silver Mines;
45% increase in total mineral resource estimates at Pitombeiras by Jangada;
A$10M drill program underway and final project approvals targeted in 2022 for the Sulphur Springs project by Venturex;
and
Continued drilling and permitting update at Lynn Lake (MacLellan) by Alamos.
Riaan Esterhuizen, Executive Vice President – Australia stated, “The last month has delivered a significant number of value
enhancing organic developmentsfor our royalty properties, most notably the commencement of construction at the A$462M Binduli
heap leach expansion project by Norton Gold. This Binduli expansion was the key near-term catalyst that Vox management
anticipated when we acquired the Janet Ivy royalty in March 2021. Additional engineering study progress at Bowdens and
Pitombeiras, combined with drilling success across numerous properties capped off a very exciting month for our royalty projects.”
AAU - ALMADEN MINERALS FORECASTAAU gave a 'back up the truck' buy signal here. I personally took a position at 0.42 cent. Stoploss below white line, profits at colored lines above green line.
AAU might be a bit of a speculation given the news they're slated to take on a rather lucrative project. But the fib has given us a tradable pattern. I'm very bullish on commodities at the moment so I like plays like this one and Lithium mining companies. With that said THIS IS NOT TRADING ADVICE. DO NOT BLINDLY FOLLOW THIS TRADE.