OK investors so what do we have here, this is a small mining company based out of Vancouver Canada, they have mining interests in Canada and US , market cap of only 6.6m.
Investing in mining companies of this size is pure speculation, I am not a geophysicist and I have never working in any mining concern, I put in a couple of hundred bucks into this for a bit of diversity on my portfolio and as a pure gamble for the future. I would expect to hold this for 3-5 years, I was actually up 100% on this only a short time ago but I am holding out for much bigger gains.
You can see the area of support seems to have moved to .68, due to the wide spread on this you may find it hard to get it at that price but I would say that anything under .7 is prob a buy.
If you look at their results form past tests you can see that the results they are getting in their lots are pretty great, Glencore has just put plans in place to build a refinery on the parcel beside them in Ontario and so any ore they take out can be refined close by meaning an efficient operation as well if and when it gets going.
Price and demand for Cobalt is going well at the moment and into the future it would seem it can only go one way
They are also a lithium play as they are looking at trying to extract lithium in Nevada, more info available on their website about their projects.
Anywho, like I said, this is a very long term play for me and is taking into account the cyclical nature of mining and that it seems to be generally in an upswing at the moment and the demand from electric cars, heavy machinery boats and planes that is coming don the road.
Word of warning would be that newer batteries seem to be heading towards cobalt free but the reality is that most of those stories and technologies that are coming are still years away and ddemand for cobalt should continue unabated for the next fed years, add to that that North America will come under pressure not to have all their cobalt supplied from foreign soil and hopefully you have a number of good reasons for this stock price to rise.
Not the advice of a professional. Do your own DD
PT for 2021 is for it to get back up to .16 which is a 100% gain from where it is now. GLTA
Investing in mining companies of this size is pure speculation, I am not a geophysicist and I have never working in any mining concern, I put in a couple of hundred bucks into this for a bit of diversity on my portfolio and as a pure gamble for the future. I would expect to hold this for 3-5 years, I was actually up 100% on this only a short time ago but I am holding out for much bigger gains.
You can see the area of support seems to have moved to .68, due to the wide spread on this you may find it hard to get it at that price but I would say that anything under .7 is prob a buy.
If you look at their results form past tests you can see that the results they are getting in their lots are pretty great, Glencore has just put plans in place to build a refinery on the parcel beside them in Ontario and so any ore they take out can be refined close by meaning an efficient operation as well if and when it gets going.
Price and demand for Cobalt is going well at the moment and into the future it would seem it can only go one way
They are also a lithium play as they are looking at trying to extract lithium in Nevada, more info available on their website about their projects.
Anywho, like I said, this is a very long term play for me and is taking into account the cyclical nature of mining and that it seems to be generally in an upswing at the moment and the demand from electric cars, heavy machinery boats and planes that is coming don the road.
Word of warning would be that newer batteries seem to be heading towards cobalt free but the reality is that most of those stories and technologies that are coming are still years away and ddemand for cobalt should continue unabated for the next fed years, add to that that North America will come under pressure not to have all their cobalt supplied from foreign soil and hopefully you have a number of good reasons for this stock price to rise.
Not the advice of a professional. Do your own DD
PT for 2021 is for it to get back up to .16 which is a 100% gain from where it is now. GLTA