Description
⋅ Aussie Miner with JV for Nickel. Proven Management (Dir's Graeme Sloan - Aussie mining expert, Fosterville and Warwick Morley-Jepson decades in mining, Ivanhoe, Wesdome, Kinross).
PLUS - Excellent bal. sheet, 50+% undervalued, PE only 9.5x, 25% profit margin, 20% growth projected. 30+% institutional + insider + public co's ownership. Recent huge mineral reserves uptick announcement (1MM+ ounces).
MINUS - High Debt (25% Debt/Equity), 3.5 PB
CHART - Current $2.98. 1-year cup (ignoring Crud Virus), nice short-term wedge formation. Tracking well-above 200MA, looking to re-take 50MA. Watch $2.58 support if re-traces.