RE:Copper runHere's my thoughts. This stock is a speculative bet that the company will find healthy reserves of copper at the Moonlight deposit... proven and probable. Based on historical results in decades past, there appears to be a reasonable chance that this might happen, but it is by no means a sure thing.
However, if US Copper does produce good results with the latest drill program, then the fact that a potential mine would be situated close to the Tesla plant in neighbouring Nevada is not a bad thing. Plenty of upside could be had, but this is a binary event, as plenty of downside could also be had. Adjust your position size accordingly. For what it's worth, I'm taking a small punt on this stock, in my TFSA, in case this stock is a multi-bagger; but the position size is relatively small in relation to my total portfolio, in case this goes to zero.
That's how I'm speculating with stock, but individual investors will have to decide for themselves the risk/reward that they're willing to stomach, recognizing that this stock could go to zero more easily than it could become a multibagger. GLTA