Interesting to see an alternate view. I've got a short tip on this haha, cause it looks ready to fall....here's my charts, simple one and explanations.
Monday/Tuesday will be telling which way it plans on heading tbh...
CPH another pot stock I have a short tip on being distributed heavily
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On weekend topic: Trading opportunities that may present itself?
I have my eyes and foot on zinc. Here's the chart updates:
Its moved about 10% since the first chart....market has been way too busy with moving money from cobalt to marijuana its completely missed zinc. I think this is where the opportunity presents itself, its flying under the radar and zinc plays havent really moved so it leaves a nice valuation gap although frustrating having money parked in zinc while spot prices fly but market doesn't catch on.
My favourites for zinc are 4CE, KOR (also really like FCR but would avoid since serious cash issues):
4CE ($3m EV): I know a few of the guys here hold a nice chunks:
KOR ($5m EV): Not interested in their cobalt too much but is a nice marketing story, and their MgO assets are cool but startup costs are too high.
Its the zinc I'm watching more drilling to come soon aswell.
Although I like both 4CE has much better zinc stats on paper especially if you narrow to their specific intercepts (their average is whats shown above) and is almost half the EV of KOR so does present a better risk vs reward imo. Either way comes down to management to act upon their assets.
Cheers
