Good Morning,
I felt compelled to share the various potential upcoming catalysts that I see for Phenom Resources (PHNM/PHNMF) in bullet format below. First, take a look at the bottom of this email and click on the 2 year chart image I have included. See the circle around .75-.80 CDN? That's not going to be a difficult target to reach (!) but anyone buying shares now in the low .30's will see a 130%-140%-150% ish return when/if that circle is reached. Last time, for those who had the fortitude to be accumulating around .35 CDN last December, it took less than 120 days to bank about 110% when the stock hit .80 this past March.
I believe we will see Phenom retest those previous 52 week highs by the end of Q1 2023......at MINIMUM! That is assuming we're still trudging through a bear market in gold, vanadium, and junior miners. A cyclical bullish turn around for the miners and/or a fat $100 Million grant awarded to Phenom next month would ratchet my expectations much higher even just going out to the end of January or so. $2 CDN is our second and mid range target area because it was touched before, twice, in the past 5 years.
The ultimate blue sky possibilities once PHNM breaks out over $2 will be determined by the drill bit, and I see simply MASSIVE upside. Here is a list of possible rocket launching benchmarks we are awaiting:
-Winning one of 2 category submissions from the US Department of Energy for a $100 Million grant. Phenom's CEO Paul Cowley feels that we will hear something on decisions by the end of November and we both believe that the company has a valid shot at being awarded one of these grants ($7 Billion total is earmarked from Biden's infrastructure bill passed last year)! A preeminent lobbying firm called https://cassidy.com/ was retained early in the application process and a separate specialist in this arena was hired as an advisor and lobbyist on behalf of Phenom Resources about 6 weeks ago. A round of questions was responded to by the company several weeks ago and we have many advantages to win including Nevada senator support, numerous connected players in government contracting greasing the wheels on their senior contacts in Washington for us, and don't forget that we OWN the largest and highest grade primary Vanadium deposit (near surface) in North America advanced to the PEA stage! Assets like this (recent drilling tacked on another couple of hundred million dollars worth of vanadium even with V205 prices in the dumps) aren't just lying around all over the place in the US and this is a national security risk strategic critical metal!
-Pending assays from recent drilling at Smoke
-Pending assays from South Carlin deep gold exploration drilling
-Pending assays on remaining holes from surface at Carlin meant to boost the Vanadium resource in size by 40-60% (about 60 holes were drilled in August/September)
-Potential strategic acquisitions of new Vanadium mine prospects as well as at least one more potentially enormous new gold system discovery (very likely also a Nevada project).
-Spin out the gold assets (also Phenom already owns a compelling copper play in Arizona that would be vended in too) into a separate public vehicle. Phenom Resources shareholders would automatically hold a majority interest in the NewCo and benefit from an IPO of your shares. This is simply a timing decision but it will happen in 2023 and I think Q1/Q2 will present the right time and market environment to maximize the value of our interests. These details have not been hammered out yet as a few things need to be secured first and I personally prefer to either see V205 back above $10 Lb showing a pulse again, feeder zone new high grade gold discovery holes published at either Smoke and/or Carlin, an acquisition of a 3rd juicy gold project, or a nice $100M check comes our way via the US government. Any one of those things could trigger the process of beginning to create 2 pure plays that will attract institutional capital that like either/or gold/vanadium but not both together.
-Being awarded a $100 million grant from the government to develop the South Carlin vanadium deposit into a mine faster than expected (the structure is to release $20 million per year over 5 years).
-Being awarded one or more of the smaller grants the company applied for though the DoE and DoD anywhere in between $100k-$1 million. There are at least two of these applications well in queue and Cassidy is actively discovering and presenting new ones to apply for as well.
-Newly retained firm out of NYC rolls out awareness to institutional investors including family offices, RIA's, and various fund managers interested in battery metals and/or gold.
-Digital/media exposure that could utterly MOON the stock in a massive way that nobody is anticipating!
-Vanadium starts climbing again
-More legends in the mining sector invest in the company alongside of Rob McEwen, Tookie Angus, etc.
-McEwen and/or myself file as a 10% holder.....?? :) I own just under 7% of the company while Rob is about 8%. Only above .60-.80-$1 will it occur but a John Paulson, Eric Sprott, or Robert Friedland type could become a 10% insider immediately after an $8-$10-$12 million round of financing by putting in a few million bucks. I have a personal goal to bring one, two, or all 3 of those guys into this deal when the time is right :)
There are actually more things I can list but it's 1 am and I'm fading off! Phenom Resources (PHNM/PHNMF) is my top pick and my largest personal investment for 2023. Much fear in the marketplace has the majority of you reading this.... frozen. I hope these bullet points motivate some of you to take action in building exposure near lows then able to enjoy the ride that's coming with us! A lot of the sellers in the low-mid .20's USD/low .30's CDN here will completely dry up once Paul closes the small financing taking place in the coming couple of days.
More recommendations coming in the following week.