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 $1 before the year is done, but for the moment, my personal target is 80 cents by the end of the year.
GLTAH. DYOR.
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CLQ: A Multibagger in the Making [2019 Bull Run]
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 507 | 1.280 |
2 | 5404 | 1.250 |
2 | 3258 | 1.240 |
3 | 47298 | 1.230 |
Price($) | Vol. | No. |
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1.340 | 3780 | 1 |
1.350 | 3228 | 4 |
1.355 | 7500 | 1 |
1.375 | 727 | 1 |
1.385 | 25000 | 1 |
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