NYSEAM:SVT - Post by User
Comment by
Raffi14on Nov 26, 2018 5:50pm
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RE:RE:Zinc prices rise as inventories fall
RE:RE:Zinc prices rise as inventories fallExcellent question. First off, I see this stock going way higher than where it is now. For the record, my target price is between $0.30-$1.00. It all depends on what the drilling results are and how good/efficient management is at executing their game plan. Don't forget MOON will be a producer in a relatively short amount of time so if you are patient you will be handsomely rewarded if you buy in at these levels. The million dollar question is about time (as you were asking). Based on my research (as well as the experts I have spoken with), the first "pop" in share price should happen when we get those drill results. The assays should be released any time now. My guess would be either this week or next (at the latest). Regardless, we will get those results before the end of the year. A final thought is something I heard (recently) from the legendary investor Rick Rule from Sprott Asset Management. He is by no means perfect (like the rest of us) but he did make a great statement in terms of his investment philosophy. He stated that he loves to buy quality companies when they are being ignored or have fallen out of favour with the market. I try to do the same thing....case in point, MOON. I have been continually adding to my position (over the past year) because I truly believe that Mr. McGrath (and his talented team) will unlock the riches that are in the ground at Mariposa.