SRL 8.00% 27.0¢ sunrise energy metals limited

To me, it looks like we have now finally bottomed out.I'm...

  1. 423 Posts.
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    To me, it looks like we have now finally bottomed out.


    I'm expecting 2019 to be a strong year for CLQ.


    Nickel prices have finally lifted off their bottom and encouragingly are climbing (up 9% so far this year).


    Excess cobalt supply may remain for a year or two, but prices look set to be stable/climb in the longer term (cobalt isn't going completely away in EV batteries: https://www.lek.com/insights/fast-moving-ev-battery-market-how-win-against-competition)


    Moreover, this year we have some big catalysts, including financing and off-take agreements (within the next few months), followed by the green light of approval from the board (mid-year), followed by the commencement of construction (mid-late 2019). These will all de-risk the project and therefore move us closer to the intrinsic value of CLQ.


    The 2018 CLQ bear has turned into a 2019 CLQ bull and we look set for a ride back up to a level closer to true value of CLQ. [Market cap of approx, $1.5b USD according to the project NPV].


    Historically, the share prices of mining stocks typically always tend to peak somewhere between construction and first production.


    If we are lucky, we might hit $1 before the year is done, but for the moment, my personal target is 80 cents by the end of the year.


    GLTAH. DYOR.

 
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