Why I think the July – August 2021 period will see the SP soar.
Broadly
- There’s hope for a vaccine before 2021 by the Chief of WHO, realistically more likely in first half of 2021 (1). This will begin to highlight the extent of the money printed.- Printing to continue strongly, especially with Biden and his enormous spending plan looking likely to edge Trump in recent polls (2).
- Buffet, who famously hates gold, is as bullish as ever with his investment in Barrick Gold this year.
Specifically- WRM now listed on home soil for Americans which will increase the impact of news on the market, moreover increased publicity effort from Gill with concern over WRMs undervaluation (3).
- Small window of opportunity for Alaskan asset will generate a news intensive period especially with Last Chance being so exciting.
- In July, Gill said Mt Carrington had 12-18 months of approvals which will build anticipation in the market closer to the date.
IMO WRM is undoubtedly undervalued at a $39MC the challenge is recognition from the market and I believe this will happen in the July - August period in 2021. New to investing, especially in the mining space so would love critic/ideas around my bullish view on WRM. As you can tell, first post so go easy
(2) https://edition.cnn.com/2020/10/06/politics/cnn-poll-biden-trump-2020-election/index.html
(3) https://www.youtube.com/watch?v=fhPtjSNCKFM (16:20)
