Better Days Ahead?
Downside now Upside
- Worst first half in 50 Years!
- Over $30 Trillion lost in stocks and bonds globally
- $17 trillion lost in the US markets by mid June ($2T Bitcoin)
- 40,000 global stocks with margin problems
- 80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022
- 1200 plus Junior miners getting spanked
Upside
Will the 40 plus Global Funds and their analysts from Europe, Asia, and North America, see CNC as a $3B NPV or $4B by Year end?
As goes Morgan Stanley - so goes CNC?
Morgan Stanley (MC US$134.22 Billion) was directly responsible for CNC’s 24% weekly rise. Their continuous 33 hour (6.5 hours times 5 days) stealth buy program started Monday at a low of 1.44, and peaked at 1.78 on Friday.
This latest program has been going on since June 1st.
Total shares purchased since Feb. 3, 2020: 3.102 Million at average 2.36
Shares sold: 1.510 Million at average 2.60
Net long: 1.592 Million
Gross purchases since June 1: 576k
This last week - the majority of shares bought were board lots of 100 every 1 to 3 minutes mostly, and virtually all week long.
Bullish Quotes
Haywood: “The updated resource makes Crawford one of the five largest nickel sulfide deposits in the world. The focus is now on the feasibility study, planned for 4Q22.”
“We estimate the Crawford resource could trend toward 38t within a district that has potential for a resource of 10BT.”
Northern Ontario Business
“The company has been discussing off-take agreements and securing financing with those involved in electric vehicle manufacturing and serving that supply chain.”
Idlefreebird
“converted to M&I Crawford will be #2 in the world as it has 1.55 million tons of nickel inferred.”
The math is huge,,$129 billion metal factor rounded off
just a numbers game...glta
3.48 million ton nickel at $22,000 a to = $76,560,000,000.00
93.9 million ton iron at $290.00 =$27,231,000,000.00
8.5 million ton chrome at $1.04 lbs =$19,448,000,000.00
183 k ton Cobalt at $15 lbs =$6,039,000,000.00
1.06 million onces pgm $1200 avg = $1,270,000,000.00”
From CNC NR
“we expect the final feasibility study resource to support the upper end of our mine plan target of 1.3 to 1.8 billion tonnes.”