MOON.v - 771M lbs Zinc VSM deposit | Story getting out $MOON is getting some volume and traction in the last week or two. And the increase in marketing is one of the reasons volume has increased with share price rising from $0.02 to now $0.05. At $0.05 it is still tremendously undervalue.
Without going into the story again, links to interview and summary of MOON:
- Equity Guru: MOON summary - https://youtu.be/lxq7cVLsLU4
- Peter Bell interview, very detailed and covers numerous fronts: https://www.youtube.com/watch?v=DWv2Q23Dw_A&feature=youtu.be
What's interesting in both youtube videos above is not just the resource itself (inferred and indicated category) which is worth much more than $0.05/share, or $5m market cap. For valuing the current resource, my personal analysis shows a $0.35/share CDN. Both videos also mentions the team and it's previous experience to take projects in California to production, and also the strategy Patrick has overall.
The next part of the strategy is drilling to make the current resource bigger and better. Stealing a phrase from Patrick: they are one hole away from potentially making this much bigger, potentially double the size of current resource. Is that even possible? VMS (Volcanogenic Massive Suphide) are base-metal mineral rich, and are often found in clusters. That in itself would mean there is much more than what has been drilled. With recent JV partner drilling, they drilled best holes int he property. Yet that JV is likely to be done, with the project returning back to MOON in Feb when the deal ends.
That's one of the Kabooms in my opinion: Patrick and team gets the project back, two additional holes done for free, and we move along with more drilling to firm up the resources and likely increase the resource. That is going to get mid tier companies eyeing MOON on what they have. Made in USA, 5hrs from Tesla Gigafactory, situated in a county which wants this to succeed. Definitely a competitive advantage with location and the low environmental impact with underground mining.
I believe Patrick is looking to start a drill program in the new year which will pop this stock wide open. The current shareholders that have held the shares for past 2 years may be still holding or may be exiting, looking for other returns. Based on volume over last few weeks, it is very interesting on how many shares have changed hands, and specifically how many have changed to stronger hands. I know a few shareholders who got in and are strong holders of much higher prices, including those who got into the last PP.
This story is just getting started with Jemini making broker presentations, interviews lining up as seen with Peter Bell and summary video by Equity Guru; more to come in my opinion. With more outreach and exposure, along with zinc and copper spot market making year/multi-year highs, investors will be looking for zinc/copper stocks to invest and MOON will benefit from this. Story is just getting out and it will be a great one.