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ROC_8
Jan 14, 2021 4:16 AM

Nickel Royalty for EVs! Long

NICKEL 28 CAP CORP.OTC

Description

Conic (Nickel 28) owns 13 Nickel and Cobalt Royalties (I ignore the Co's). Insiders very bullish - 30+% insider, VC, hedge, institutional ownership. 12% jump today on recent news (branding). Negatives are significant debt (although they added 6.9MM recently), 460% 1-yr pop, very small M. Cap (penny stock), and 0 profit. However the PB is only 0.5. Nickel Futures chart has been straight up since Mar'20. Please do your research, I am just some interested dude (not financial advise, blah, blah).

CHART - Current $0.43, well above ATH. Looking for a handle formation. 0.618 retrace = $030. I'm favoring $037, $035, then $0.33 for partials.

See idea on Karora Resources KRRGF for an Aussie Miner / Ni JV play

Comment

Karora Resources (KRRGF) is a Ni miner play, a bit more stable - An Aussie Au miner w/a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in Quebec. 50+% undervalued.
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