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I highlighted this name here initially. The stock hasn’t done much but today they released a monster 43-101. The mine life is now 7+ years and the ZnEq grade is 7.2 percent. The reserve grade is 35 percent higher than what they mined this past year as they ramped up the mine. The math here is just crazy in terms of EBITDA/EV. it is less than 2. The MACD is turning on the chart.
Thanks CC. This is looking very good.
I bought at 1.20 and bailed at 90 cents
🙁
Sorry to hear that Fully. I didn’t expect this one to be such a slow developer.
It’s on me CashCosts….You have to admit the chart looked bad at 90 cents
Yes, I nearly got scared out as well… but then I flipped and bought more. Helps bc I’m fundamentally committed to the story, not the chart.
Charts reflect sentiment, but not always reality. If you know the story and are patient, reality will trump sentiment. Thanks for posting here Cashcosts. Not all of us are traders.
I bought some as well today. Thanks for the heads up earlier—I had been watching it.
I have a position is this one as well. Thanks for pointing this one out, cashcosts.