find 8, SLR chart says it all. The market has spoken. This is...

find 8, SLR chart says it all. The market has spoken. This is what is says...

"the market has enormous confidence in SLR management. They have delivered in spades. The market also has enormous confidence that SLR will easily delineate additional ore reserves in the Mt Monger field ( in fact drilling already has thus the bull trend on the chart. The market believes that within 3 years SLR annual production will exceed 150,000 pa

Now look at the CTO chart and compare. CTO has never delivered, is heavily hyped and the market has stopped listening.

A profitable trading decision at the open Monday (and this is not a recommendation just a hypothetical trade)

SELL CTO and BUY SLR.

Why? SLR is in a classic technical breakout, the chart is as good as it gets, a red rag to a bull. the fundamentale are great, its a great story, a story the market BELIEVES.

the CTO chart on the other hand says "sell me". Why? . Its in a persistent down trend and the best outcome is "go nowhere" for a while. The risk is its close to a critical long term support around 15c which is very damaging technically if breached.

Later on you if you really believe in CTO you would sell SLR at a good profit and plough your winnings back into CTO if you wish

The biggest mistake a trader will ever make is ignoring the message the chart is delivering. Its Trading 101

Good luck.

As for mining at depths exceeding 1km, very challenging, expensive and requires great skill.