Post by
DJYellow on Mar 24, 2016 12:35pm
Poised to double in 2016 from current price of $4/share
Arcelor Mittal, once valued at $80/share is positioned to double in 2016, as China productions starts to slow down and demand continues to increase. The overall mining/steel market will rebound in 2016 as investors play the cyclical game of commodities.
Arcelor Mittal has a strong balance sheet, and will quickly rise in price with the price of steel rising.
Another interesting play for investors trying to double or triple their investment in 2016, is BCM Resources (CVE:B). This venture company has a low share count, where management hold large equity positions. Furthermore, they have nominated Matthew Lennox-king to the board of directors on March 2nd, 2016. Lennox-king was CEO of Pilot Gold and helped get financing for juniors up to $100M since early 2000's.
The company has two probably prospects for Cu-Au porphyries which could prove to be economical. Shareholders have been buying up shares since last July and now we have seen the price move up from $0.05 to $0.24 in the last three months alone. It is very probable that we would see the price move closer to $1 in the short term considering the tight float of the company stock and the imminent news on a new drilling program in search of the Porphyry discoveries.