Australia's largest stock trading and investment forum Australia's #1 stock forum

ASO aston minerals limited

0.00%

2.2¢

I subscribe to SDtockhead and Barry Fitzgerald wouldn't come out...

First 4 Last

Share
Profile

Follow
gassed

23,653 Posts.

2444

12/12/22

07:54

Post #: 65267906
Share

Originally posted by Maccajohn: ↑

article from Barry Fitzgerald today - Ni is he choice for the next metal of 2023 after a very good year in 2022. He highlighted ASO and 2 other nickel stocks. Here is an extract.

Garimpeiro used the old-fashioned base metal description in the opening because nickel is of course a key battery metal.
Nickel is on its way to being the best performed base metal of 2022 and Garimpeiro reckons it could be in for a repeat performance next year.

But lithium wins hand down as the best performed battery metal of 2022. Does lithium have more upside in 2023? Not likely.
So there it is, Garimpeiro’s base or battery metal of choice for 2023 is nickel.
Nickel’s average for the year-to-date of more than $US25,800/t has been impressive compared with its 2021 average of $US18,500/t.
Ha, you say, nickel’s average this year is distorted by its charge off to more than $US100,000/t in March when a mighty short squeeze was played out. But get this, nickel is currently sitting at more $US31,000/t.
So it has seen off concerns about rising production from Indonesia, recession fears, and China’s COVID shutdowns.
Little wonder about that.
On BHP projections, nickel supply needs to increase four-fold over the next 30 years if energy transition targets are to be met. Copper needs to increase two-fold yet it is much easier to find than battery preferred nickel sulphide deposits.
More and more new nickel projects need to come forward. But that will only happen with super incentive pricing for the metal. Even the current elevated nickel price is probably not enough to get the supply response required for the energy transition.
Garimpeiro’s preference for small cap explorers with active exploration programs capable of creating 10-bagger type responses is on fully display in this week’s rundown on some nickel stocks to watch in coming months.

Aston Minerals (ASX:ASO): Trading at 9.4c for a market cap of $104 million. Tolga Kumova is on the board of this one. It has a gold and nickel project in Ontario, Canada. But it is the nickel that has come in to its own in recent times.
As Aston says itself, it is on to a “bulk tonnage, disseminated nickel sulphide project that is located in an infrastructure-rich region of a first-world jurisdiction (which) is going to have huge strategic value for end users.’’
A resource estimate is not far off and the company’s MD Dale Ginn has flagged previously that the market should expect something big.
He had no problem suggesting the discovery could be of similar size and grade to OZ Minerals’ West Musgrave project in WA (on its way to becoming part of BHP) which is a 390Mt resource grading 0.31% nickel. West Musgrave also grades 0.34% copper but it is super remote.
Aston’s project on the other hand is all of a two-hour drive from Sudbury, one of the world’s great mining centres for nickel. The smelters there would love to see new regional supplies of nickel ore becoming available.

Expand

I subscribe to SDtockhead and Barry Fitzgerald wouldn't come out with this headline under his name unless he thought it had credibility. FEATUREDBarry FitzGerald: Lithium is dead; long live these nickel juniors in 2023.
And, he picked Aston as one of only three.
That impressed me enough to have a good read of as much as I could about Aston and ended up in Hot Copper, to which I have subscribed for over 12 years. After being quite interested in Aston, much of the discourse in ASO's forums is so hostile that it's turned me off it and I'd bet most other newbies.
Which of you is right??? Are the knockers, usually the non holders, just those who have lost and are being nasty, are the positives super optimists, this is a very unfortunate forum. HC does have influence, both ways.

ASO Price at posting: 9.4¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

AII

A new NASDAQ listing for a key player in the global critical minerals space

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

DRO

History repeats for DroneShield investors but carnage so far subdued

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

There are more pages in this discussion • 500 more messages in this thread...

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.