Looks to be gearing up, weak hands retail getting fleeced Manipulation continues to push the SP down after the 100% gain last week. Lots of support at 0.035, shorters need to cover and weak hands are getting played here.
This is one of the best undervalued explorers there is. A proven management team, consistent mineralization with high-grade copper, 2200km of property to explore at Los Chapitos.
They've mentioned has the potential for a 500 million MT of resource is possible. Peru is known for higher grades to so look for their deposit to be 0.50%+.
They raised $7.5M in 2021 with an oversubsriped private placement, with new Asian investors coming onboard. An insitutional owner holds 15% of the float here. Big money knows the potential here.
The signs are aligned for this to become a huge runner with more drill results and an eventual deposit estimation. Copper isn't sexy to a lot of investors when it really should be - EV vehicles have a huge demand for it and there's not enough new mines being developed to keep up with demand. It may take copper prices to jump for investors to wake up -- prices usually correlate with gold.
Thismay take a little more time to catch wind in 2023 but the time to accumulate is before everyone else does. Smart retail is always first, institutional buyers will come next and drive this SP way up.
Good luck all, all my opinion here but I trust this management team to deliver something big. Don't be an impatient fool and wait for the big win here.