Post by
pulcan on Oct 30, 2022 10:23am
The Market update,What happened on Friday? Valuation on NWST
hi all, November is upon us and seems these markets are getting ready for some move higher or lower. The worst is over with the Nasdaq mega stocks like Apple, Meta, Ford, Google and we are moving forward to what is next!! The elections are coming and Trump is doing everything to bring back the Republicans. Not sure what this means but we could see fire under the DOW to new highs maybe even 40k for the first time if they take over the house! Now lets also focus on Copper...wow, talk about a steady support level and this metal is not going away. The future is bright and if you also look at Uranium and what everyone is talking about new reactors....Well you need copper for any construction or build for new clean energy. So be ready for a Uranium bull move and Copper joint venture around the world. So now lets look at what happened Friday on NWST with the volume. All i can say is at low prices and making moves for tax purposes is smart to do it now. Incase the US takes a market freeze or some major correction you want all the money you can get when it comes to tax season. But, i do not believe so and the two major brokers that took advantage of your stock are right here so see the links now. Beacon Securites https://beaconsecurities.ca/ and PI Financial https://www.pifinancialcorp.com/, both of them represented almost 50% of the shares traded in the last hour. Why? no reason probably just tax reasons or spreading more shares within clients. But the biggest player was TD Securites and RBC Capitol Markets who had more buys and little amounts. Regardless this is good news for us as the volume is moving hand and these major firms are in on NWST. Best part is i just gave you the link and save it to monitor future trading history during the day in reat time for Monday. See the link... https://money.tmx.com/en/quote/NWST/trade-history just scroll down and you will see up to 5 pages worth of trades on NWST. This has not happened in a long time and when we see this we get a pop higher and news. So get ready for more drill results from NWST soon. Now valuation on NWST if big and a lot of work as we yet to see the history unfold from Serengeti drilling prior to the merger with Sun Metal. As many do not remember we did a large drill program that hit over 500m and we never did a complete valuation of all the lbs of copper and gold in the ground. This is going to come this year and it will be big. I expect with Lorraine, Kwanika and Stardust we could see North of 7billion lbs of Copper and 3 million ounces of Gold with Silver being just under 10million ounces. We cannot look at where our share price will be but we can compare with others in the market that are not showing value in the share price. I would like to go back to GT Gold Corp when they were bought out by Newmont but we all know they had one project worth $380m in market cap and was just over $3 a share when the purchase was done. I'm going back by memory and i could be wrong as the numbers could be a little higher.You can google it for the acutal figures if you want. But, lets look at one stock right now that is in the same story line like NWST. I believe Goldmining INC is in the same situation under value. Large assets in GOLD ounces and Copper and only trading at $1.20 a share? That is crazy low and they should be trading around $3 and over $400m in market cap. But, i told everyone back in September sometime about the markets being scared, we move up and down everyday. People are not taking chances when a stock goes up in share price it is dumped right away the next day. So right now Goldmining inc to see the facts of what they have gives you an idea where NWST can go. see the link...https://www.goldmining.com/_resources/presentations/corporate-presentation.pdf?v=0.311 Go to page 4 of the power point presentation and you will see from there. So for us NWST copper to me is a .60 cents target as we close out all the news on drilling. We have already two long hits in the last two announcements from Peter. So as we get into the last holes on Kwanika, we get Stardust next and this will need to be the big one! We haven't seen any good news on this asset since the SUNMETAL days. So what is to be expected? Also East Niv will be a new play and this project can change how share price moves on its own. Lorraine is a complete different story and a hidden gem. So for us we should be at least in the .60 cents range when this is all over. I'm trying to be modest about what i see and not including any other factors that can push us past $1. Lets face it November is a scary month with the Mid term elections and Trump is back on fire. The worst part is we do not need another attack on Washington, but to see what has happened to Pelos's Husband being attacked with a hammer...tells me the election is unstable and the american's are not taking any fake reults when the numbers come out on the election day. The world is watching and the DOW is making new highs from its lows in the past two weeks. Thats my take on NWST and enjoy your Monday morning trading.