Perfect storm for PXC, excellent entry time24 Oct 2020 10:06
With the market cap at only ~£30m and the company on the cusp on production this is really a one off opportunity to buy into a great AIM mining story amongst the many to avoid....why?
- The Board have skin in the game.
- The resource is huge.
- The resource is diverse (Gold, Silver, Copper & Cobalt).
- Jurisdiction is amongst the best in the world (Idaho USA).
- Resource upgrade soon, currently $2bn + (could rise towards $3bn).
- The board have said they have good finance options and will avoid/minimise any dilution, finance for production likely to be debt.
- The chart is very solid.
- Experts forecast precious metals are at the start of a multi year bull run, lots of money printing to come.
- There is a lot of interest in PXC now so I anticipate a sustained re-rate well beyond all time highs on the next piece of news with the sp around 80p+ by Xmas.
- My personal targets are ~80p by Xmas & £5-£10 long term.
- The multiple fronts of upcoming news will hold & sustain a steady rise over a long period (like GGP did...)
DYOR