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This $0.5 Copper PENNY STOCK To EXPLODE š£ š„ +1000% OPPORTUNITY š„ 2 Best Penny Stocks To Buy Now?š„š„šš - YouTube
Channel: Corns Investing
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Whatās up investors,
the price of Copper recently hit a record
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high on the back of a broad rally across commodity
markets.
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This was sparked by the reopening of major
economies and booming demand for minerals
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needed for the green energy transition.
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Copper, is used in everything from electric
vehicles to wind turbines and washing machines,
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has risen to over $10,300 a tonne, surpassing
its previous peak set in 2011, more than doubled
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from its pandemic lows in March last year.
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This is due to strong demand from China, and
also investors looking to bet on a big uptick
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in the global economy and protect their portfolios
against potential for rising inflation.
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Goldman Sachs expects copper to reach $15,000
a tonne by the middle of this decade, and
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also Commodity trader Trafigura also reckons
copper will exceed $15,000 a tonne over the
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next decade as the greening of the global
economy boosts demand and as supply struggles
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to keep up.
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So in this video, Iāll be sharing with you
2 solid copper penny stocks which have a solid
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outlook and well positioned to explode on
the back of this pending ev boom..
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So I will be sharing with you the company
overview, their outlook and key risks for
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you to consider whether to have it in your
portfolio or your watchlist as you deem necessary.
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So please make sure you stay through to the
end as you donāt want to miss out on knowing
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why these stocks could be good inflation hedges
for your portfolio.
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Also be informed that this video is not financial
advice and the markets are presently very
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unfavourable to penny stocks lately.
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So most penny stocks are risky based on current
market conditions and the price targets are
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over the medium to long term for the opportunity
to materialise, so some patience would be
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needed and only get in if you are comfortable
with the risks and if the price is right for
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you.
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Welcome back and thank you for being here.
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If you are new to my Channel, please subscribe
and hit the bell as I always bring you the
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hottest stock tips and always get straight
to the point.
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and are looking for a good investment platform,
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I would really appreciate it.
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And if you enjoy this video, please make sure
you give it a big thumbs up and let me know
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your thoughts in the comments section below
what copper mining stocks you currently hold
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in your portfolio.
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Thank you so much.
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So with that said, letās get straight into
it and talk first of Taseko Mines
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(NYSE: TGB / TSE:TKO) has a share price of
$2.2 and a market capitalization of $638m.
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Whilst most penny stocks have been down the
last month, Its share price is up 27% in the
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last month and also up by over 593% over 12m
reflecting the commodity cycle boom and it
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seems like thereās plenty more to be offered
by this stock.
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This stock is NYSE Listed and has over 283mn
shares outstanding with over 3.1 shares traded
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over 30day period.
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Taseko Mines is a dynamic and growing mining
company focused on the operation and development
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of mines in North America.
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Headquartered in Vancouver, Taseko operates
the state-of-the-art Gibraltar Mine, the second
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largest copper mine in Canada, with a nearly
700 person workforce producing an average
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of 140 million pounds of copper per year.
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Tasekoās wholly-owned Florence Copper, Yellowhead,
and Aley projects are all advanced staged
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projects that provide the company with a diverse
commodity pipeline.
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Their Gibraltar Copper Mine is One of Americas
most efficient open pit copper mines costing
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$8.3/t milled, driven by skilled and efficient
workforce Low cost, reliable hydro power.
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Their Florence Copper Project has a defined
path to production with Construction Expected
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to be completed in 2021 and First production
from commercial facility Due in 2022 which
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is very near term.
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So some really excited times ahead for this
stock.
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They have been Proactively Reducing Impact
of Cu Price Volatility with a Hedging policy
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in place to reduce the short term impact of
a decline in the price of copper.
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And their hedging strategy is designed to
secure a minimum price for a significant portion
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of their near term production through the
purchase of copper put options.
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Looking to the Future they are Following a
long, successful track record To be a top
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ranked mid-cap North American Copper Producer.
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And their strategy has been to grow the Company
by acquiring and developing a pipeline of
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complementary projects focused on copper in
stable mining jurisdictions.
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In their latest financial REPORTS for Q1,2021
the Company reported Earnings from mining
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operations before depletion and amortization
of $30.3 million and Adjusted EBITDA* of $23.7
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million, which represent increases of 412%
and 344%, respectively, over the first quarter
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of 2020.
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At current copper prices, they were forecasting
operating margins of over $200 million for
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the remainder of 2021, which would put them
in a position to fully fund construction of
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the commercial facility at Florence without
a joint venture partner, which is a strong
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financial position to be in and give shareholder
confidence.
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The commercial production facility at Florence
will also be one of the greenest sources of
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mined copper, with carbon emissions, water
and energy consumption all dramatically lower
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than a conventional mine.
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So a very interesting outlook on this stock
and so if you want to invest in any of this
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stock, you want to strike in at a price which
you like and that works for you.
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So Iāll start by cost averaging in with
a stop loss ideally in the range of 5 ā 10%.
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The share price seems to be on a steady ascend,
is less volatile and has managed to hold off
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the recent market selloffs.
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I would say this is one of the steady eddies
as reliable as Christiano Ronaldo and still
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has lots of upside to offer...
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So my strike price is in the range of $1.8
ā 2 per share...
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So if thereās any further pull back lower
than $2 that would be a good entry point for
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the long term But please do your own research.
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Next up is Copperbank Resources (OTC:CPPKF
& CNSX:CBK) has a share price of 52cents and
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a market capitalization of $39m.
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Similar to Taseko, Its share price is up 15%
in the last month and also up by over 333%
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over 12m.
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This stock is OTC Pink Listed and has over
81mn shares outstanding with over 152,000
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shares traded over 30day period which is on
the low side as we can see here, so may have
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some liquidity challenges.
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So a major watch out with this stock.
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CopperBank was founded in 2014 during the
commodity bear market by a group of well respected
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entrepreneurs, geologists and engineers.
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The business model is to consolidate world-class
copper properties and offer investors maximum
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optionality to higher copper prices.
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The established reserves and resources of
their 100% controlled projects act as the
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asset base in this low-overhead āpounds
in the groundā strategy.
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The Company controls two advanced projects
that are located in the United States.
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First which is Contact Copper that is at the
pre-feasibility stage in Elko County, Nevada
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and Copper Creek located in Pinal County,
Arizona.
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It would take in excess of $120 Million to
duplicate the work programs completed on these
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projects.
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CopperBankās two flagship assets are looking
to Leverage to Rising Copper Prices and provide
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investors with significant and low-cost upside
exposure to copper prices, as demonstrated
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by the most recently published economic studies
on each project.
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So an equally interesting outlook with this
stock linked to the price of copper and so
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if you want to invest in any of this stock,
you want to strike in at a price which you
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like and that works for you.
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The share price has been relatively flat over
the last few months so my strike price is
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in the range of 42 ā 48cents per share...
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So if thereās any further pull back lower
than 48cents that would be a good entry point
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for the long term But please do your own research.
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You need to be aware that this stock reviewed
is a penny stocks and so is riskier and more
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volatile, so just make sure you are planning
for any trade accordingly and it falls within
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your risk tolerance..
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This stock is also only OTC traded and so
can only be purchased from Charles Schwab,
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TD Ameritrade or Fidelity.
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This video is not a buy or sell recommendation
but is meant to bring some new and exciting
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companies to your attention for you to do
your own research and due diligence on before
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making an investment decision.
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As always I love hearing from you guys so
let me know your thoughts on this penny stock
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in the comments section and what other clean
energy penny stocks are catching your eyes
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lately.
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If you are new to my channel please ensure
to subscribe so I can share with you the latest
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