Post by
mrmomo on Apr 07, 2021 9:00am
Some predictions on risk VS reward....
Just a few random thoughts on where this stock might go in the next few weeks or even the next couple of months. For starters, i think we're getting very close to getting some kind of update on those drill results from their Nevada Lithium propery. Depending on the quality of those assays, it will dictate the direction of the company's stock in the short term, maybe for the next couple of weeks as i see NO OTHER catalysy on the horizon. But who knows, you can never discount Elon and the power of his intellect & will to continually surprise folks and change the game.
Therefore assuming, the drilling went as scheduled AND the assays were more or less inline with previous results of other junior exploration companies in the area, then this could be a nice boost to the stock. So if results come in comparable and as predicted, the the stock should shoot up over .50 easy.....if the general markets are stable enough & don't pullback too much. IF the drill results are ABOVE of what was expected, meaning a richer/bigger ore body and/or and any other positve surprises. then the stock could go on a rampage for a few days close to $2.
Now for the donwside and what we risk here. Like i said previously, i beiieve the downside risks are limited conidering the price of the stock, the status of the industry and the massive attention & feedback it is getting. So these factors alone will mitigate & absorb much of the negative pressures. Still, SOME downside risk will exist depending at which price you've entered the stock. In the event that these inital drill results are mediocre and not what was expected, then i believe the stock takes a small hit to maybe 0.15 cents. In the interim. If by some unfortunate chance, these results hit nothing but wortless dirt, then the stock could be cut by about 60% from here. Like i said, your downside risk ALL depends where at what price you bought in.
Before i end thid post, i just want to remind the s/h of this company who frequent this board that Nickel Rock is a UNIQUE junior compared to the rest of the explorers in the are, aside from another (who i won't mention here) and Ablemarle thmesleves. All the rest have practically the same issues and problems with thier assets, which is a barely economic clay ore body which no one up to now has shown to be viable. So until someone comes up with a solution to process high quality ore from clay deposits at economical scales, all these assets will not be worth that much....if anything at all. As for Nickel Rock, like i said these guys have unique situation and the main reason why i pcked them as my preferred investment exposure in this sector.
Some of you might not know, but because of the LOCATION & close proximity of Nickel Rock's lands adjacent to Ablemarle's primart procssing Brine facility, Nickel Rock's properities have the POTENTIAL to show some similar geography AND ORE BODY. What this means folks, is that there is a very good possibility, Nickel Rock could prove up another Brine deposits ontop of their clay potential. If there's ANY inkling they are sble to prove ANY addtional Brine deposit in the area, trust me when i tell you this will be a mutil bagger in the making in the excess of at least 20X. It will take time but the possibilty is there with this one.
So looking forward to those results and will not post again until the company releases their update. If any of you have any questions, i'll glady answer them when the company puts out their drilling results. So until that time.......stay patient & hold.
Good luck & God speed