ANALYSTS RECOMMEND CANDENTE COPPER (DNT)Candente Copper is gaining recognition and momentum. Candente is extremely undervalued according to my MS broker and some significant analysts. European investors are already taking notice as they see the huge gap between the current share price and the share price that Candente will be at in a few months. Several analyst reports state Candente should be 5-10 times higher than the current share price. Here are some report highlights which solidify DNT as being my number one copper investment for 2021.
“we are in a copper bull market and possibly a super-cycle which is realigning prices. Copper demand is rising and at the same time majors are looking to expand their portfolios.” – Fortescue already sees the future of copper and the major opportunity of the Candente Project.
“In a global comparison of copper projects, Candente Copper is very attractive compared to the vast majority of all other projects”
“the entry of Fortescue Metals is not by accident and is a tremendous trust-building event”
“Fortescue is looking at increasing their resource base by putting huge, economic projects like Canariaco into production as they are now economic compared to at 2019 levels of Copper; Candente is economic at $2.25/lb and copper is now above $3.50/lb….majors are looking for solid, large scale economic copper projects without the need to explore, which lines up Candente Copper as a major takeover target.”
“Fortescue has sent 2 engineers to Norte with the task to determine the optimal strategy for developing the project”
“Candente Copper will create an outrageous return for you if you have patience and I believe we are in the early stages of a major bull cycle of Copper”
“Candente is expected to come in at a lower CAPEX (smaller project) as their largest shareholder wants to start mining now with an expected catalyst within the next ~5 months… the upside is at least 5x-10x the current market value….. Candente has ~10 Billion pounds of copper with the potential to triple that total which raises my target on DNT to a strong buy recommendation.”
“a complete sale of Candente is likely, either to the largest shareholder or the other interested parties, it’s only a matter of time, that is why I recommend Candente Copper as a buy now to my clients.”
We should see Candente a lot higher soon, the chatter is getting louder, the price of copper is going up and the majors want DNT due to the immense size and grade of Canariaco.
GLTA!
Candente Gold is also is a nice gem to have on my list, lots of great things to come!