MOON.v - Zinc $1.26 | $MOON worth $0.35/share MOON trading at $0.05 vs valuation of resources is $0.35/share, or trading at 1/7th the value of zinc, copper, lead, gold, and silver in the VMS deposit in California, USA.
Zinc is at 52 week highs.
Copper at 2 year highs.
Lead is climbing towards 52 week highs.
Why is this important? Base metals are moving higher even though precious metals are not. MOON is base metal heavy. Regardless if precious metals is moving, this has a lot of upside given there is 700m lbs zinc inferred/indicated.
$0.05 is resistance point but once we chew through the little stock left, we are on our way up to $0.10. View technical analysis by Patrick Karim: https://twitter.com/badcharts1/status/1328708769136730112?s=21
Corporate development: worth the call to Patrick on what's happening and what the plan is for 2021. Company should be getting the project back and with that company knows the Big Bang is with drilling. They are "one drill hole away" from something big. Is that hole #1 or #30? Who knows but we definitely aren't drilling a dud as we got 700m lbs zinc and 70m lbs copper already inferred/indicated.
The shares sold is likely from long ago acquirers who sees recent uptick and volume and end of year as a relieve to finally take a loss. Little do they know what's coming and where this will be.
With increasing base metal prices, the valuation continues to increase and more appetite from the market to invest in juniors. No doubt this is very undervalued.
The recent interview by Gold Silver Pros is just the beginning. More eye balls on this will start tracking this move higher. 40% of the shares is locked. Any momentum or string of buying will move this very quicker. Taking a look at L2, 200k shares at each level, not much for a $0.05 stock. Once this gets to $0.10 and drilling begins, whole new ball game. https://youtu.be/lxq7cVLsLU4
Patrick has a very strategic and aggressive plan ahead for this company. It will not be $0.05 for much longer. Position for the share appreciation.