Eric Sprott =Grades in the Ground, Chile & Australia Covid19hi all, a few things to touch on this weekend as i will not be posting until July 20th so this post i have given you some key info. First off Eric Sprott latest weekly wrap up as you should always listent to his podcast going forward on youtube. Great info from Eric and listen to the latest from Friday on his view for grades in the ground!! During his interview around the 7th minute listen to what he says about those juniors and stocks that have the grades!! Think about Serengeti Resources when they did the economic resource calculaitons back in 2016 and 2018 Gold was only $1200 an ounce....so think about the facts now! We are $600 more an ounce in the GOLD price!!!!! The 1.8million ounces of GOLD in the ground is now being looked by many investors and this is going to change everything for this junior. These are indicated !!! Copper play and silver gives us the 1,2 and 3 punch as i described it on a post over a year ago. If you remember that post and bought shares back when we were under .16cents you should hold and not sell. We are going higher and higher each week in July for this stock and that is the cycle with no news from the company. See link on the interview from Eric on youtube....
https://www.youtube.com/watch?v=8BaQaYZBp14, Now lets look at Chile as there could be a shut down on all those mines from the union and this can be at least 2 weeks of no Copper production. This is real and i honestly believe it will happen and copper will be over $3 lbs easily this coming week. I have a target of $3.20 by next week Friday. With covid19 causing big diruptions in mining now Australia is in the same situation as Codelco is also looking to shut down as the virus is causing a wild fire within the mine. see link on the latest news.
https://www.livemint.com/market/commodities/why-copper-prices-are-surging-despite-worries-about-economy-11594356896003.html, China right now is wanting big demand on copper and they produce it and are going to jack up the price to hurt the US and slow down the economy. You need copper in everything and even the electic cars need it so lets see how big this can be for the copper price in July. As for Serengeti resources be ready for a swing trade higher and higer on this Junior as the stock will be watched and targets can be close to .50 cents on no news for July. The amount of work and facts of the grades in the ground for copper, GOLD and silver is big and nobody can touch this stock in BC with the amount of work they have done. All Systems are go with drilling at Kwanika in a few weeks and this will sound the alarm for high specualtion. Market cap on this stock should be right now in the $50million range on no news at these prices for copper and GOLD. So we have a lot higher in price to go for a correction as i believe it will move once copper hits $3. So be ready and hold your shares for the long terms holders so you can be rewarded for your time. see link as a reminder on the grades in the ground...
https://www.serengetiresources.com/site/assets/files/2824/sir_corporate_presentation_2020-05-05_final.pdf, so review the presentation once again and focus on page 7 and print the page and keep it by your computer to remind you what they have in the ground indicated. I will do a quick guess on the share price for Serengeti stock, Copper and Gold for next week so i can see when i get back how far off i will be. My guess on Copper will be $3.20 a lbs, Gold $1830 and Silver $19.20 an ounce. These are just a guess by Copper is the big winner for this coming week. As for Serengeti share price i will target .31 cents by Friday next week so our market cap is just over $32 million and that is nothing as to where we should be. So good luck and stay safe. Also use the tools see below pick the one you like and use the 1,2 3 boom system from Gregory Mannarino as Serengeti is a screaming buy...see links...traders choice...
https://traderschoice.net/about-traders-choice/ add the ticker when you scroll down near the bottom of the page. Barhcart.com for the strength in the share price direciton see link...
https://www.barchart.com/stocks/quotes/SIR.VN/opinion, tradingivew copper price realtime see link..
https://www.tradingview.com/symbols/COMEX-HG1!/....weekend wallstreet....see link...
https://www.ig.com/en/indices/markets-indices/weekend-wall-street.