A good factual argument for $10 Plus
Dow vs CNC: On March 13, 2020 - Dow was up 55%
CNC low .38 on same date: Up 479%
“The three major indexes — the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite — closed in the red on Thursday. The Dow Jones Industrial Average closed at 21,200.62 after declining 10%, the broader S&P 500 reached 2,480.64 after decreasing 9.5% and the tech-laden Nasdaq Composite hit 7,201.80 after losing 9.4%.”
What multiple do you put on CNC with a potential $4B NPV by year end?
Ask the 7 brokers and the 35 plus global funds that loaded up at 3.10!
Downside: 3.7 million shares will show up this week from NOB in over 1000 accounts.
Upside: By May 16 - The whole world will know that CNC is heading over $10 for over a dozen reasons. Stay tuned:
"The Impact Assessment is a planning and decision-making tool used by regulators, Indigenous communities, the general public, stakeholders, and proponents to emphasize the positive and resolve or mitigate the negative impacts of a proposed major project,"
CNC Net Zero Nickel Trademark: 27 Months ago
Government monetary commitments: Way way later.
Watch what happens by Friday…
Dollar volume since March 4 (Pre PP announcement): $83.6 M at 2.92
Total dollar volume since March 13, 2020: $630.1 M at 2.71
Where will CNC be on the next $630.1 Million?