Gatos Silver (GATO) AnalysisCompany Overview: Gatos Silver NYSE:GATO is positioned for an exceptional 2024, with CEO Dale Andres expressing confidence in hitting the higher end of silver production forecasts. The company’s 70% stake in the Los Gatos Joint Venture (LGJV) significantly enhances its value proposition, while ongoing aggressive exploration efforts in the region provide opportunities for new discoveries and resource expansion.
Key Catalysts:
Strong Silver Production: GATO is expected to deliver silver production at the upper end of its projections for 2024, which could be a key driver for stock performance.
Los Gatos Joint Venture (LGJV): The company's 70% ownership in LGJV offers a solid foundation for growth, with access to one of the highest-grade silver districts globally.
Exploration & Resource Expansion: GATO's exploration efforts in the Los Gatos district continue to uncover new opportunities for resource expansion, bolstering future revenue prospects.
Revenue Growth: In Q1 2024, Gatos Silver reported a 16% increase in revenue, largely due to higher sales volumes, a positive sign of operational efficiency and market demand.
Investment Outlook: Bullish Outlook: We are bullish on GATO above $12.80-$13.00, supported by the company’s strong silver production outlook and exploration upside. Upside Potential: Our target range for GATO is $25.00-$26.00, driven by production growth, exploration success, and increasing revenues.
🚀 GATO—Silver Shining Bright with Exploration and Production Growth. #SilverStocks #Mining #Exploration
Exploration
Again.. Fibs hell. Interesting to play with them...."Once upon a time, as we stood on the brink of uncovering the ultimate solution, the one that would unravel all others, there they were—The Fibs. Shrouded in shadows, they lingered in solitude... alone. :D"
It sounds like you're gathering pieces for a larger narrative. If you need further assistance or want to continue the story, feel free to reach out. Happy writing! 😊
DRQ: Falling Wedge with Bullish Divergence at a 0.886 RetraceDRQ shows notable Bullish Divergences on both the Monthly and Quarterly Timeframes at a 0.886 Fibonacci Retrace and is currently trading within a Falling Wedge.
If the Bullish Divergence and Falling Wedge play out, I would expect to see DRQ make its way up to around $60 as a first target and around $94 as a full profit target.
Core Assets Corp on the CSE: CCThe share price of Core Assets Corp. (CSE: $CC) experienced a strong upward trend between August 2021 and May 2022, rising from 7.5 cents to 83 cents (11-fold), whereafter a consolidation occured, reaching 23 cents most recently and last trading at 25 cents.
Inflation over?Judging by this chart seems like we are about to continue more of the same. Long term downtrend!
McDermott Post-Bankruptcy Rallyanything is possible. i have $0 invested, and no interest
but its a long time watchlist name that has finally created a contrarian setup.
BULLISH WEEK ON EUlooking to go long on those key level! its a bullish week on EU and if those levels hold we would be looking to catch the low of the week to violate the previous weeks high
TRADE WITH CAUTION!!
GOOD LUCK TRADERS
Reversal pattern forms by hitting 0.25, we are just ahead of @TPlease provide a meaningul… what?
If stand on the great verge of space exploration.
Tonight, my friend, we stand on the great paralel in space exploration…
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WWR three-baggerHuge triangle in the making. Expecting the price to break up from current channel (happening right now), and then from the triangle itself. It will fly. Target @ 20, but I think it will do much more later on. Cheers!
Retesting its support before reaching new highsAlien Metals, which is a high beta play on silver, but also other base metals such as iron or copper, seems to be retesting its resistance after a 7-month consolidation.
Given the positive dynamic of precious and base metals, $UFO might reach new highs in the coming semester.
Evergold corp - Huge Chance - Low RiskGold-Silver Explorer. Could‘t end its exploration last year due to weather conditions. Will start exploration again. Drilling results look fantastic so far. Investors are starting to speculate again so take the chance.
Skeena about to set sail for new all time highs,double possibleSkeena is driven higher medium term by their 5M ounce gold deposit (and growing), but recently, it revisited the 200 MA on the Daily. This is such a bullish move. I expect a double from here both on technicals and fundamentals.
TBXUpdate TBX. For me it´s a buy and hold. You could also trade the gapclose or take some profits at this point. Gold/Silver/Copper exploration.
AMXUpdate Amex. Fundamental very strong.
Right now on strong resistance. We will go up now or may see a short term dip further down.
Longterm is UP UP UP !
Turmalina Metals Corp.TBX is a great exploration play.
We should see a Gapclose soon.
If we pullback or just move forward we will have to see.
Amex Exploration Inc.AMX is my favourite Gold Exploration Company
Longterm is see the stockprice well above C$ 10
Spanish Mountain Gold Ltd.SPA looks ready to go !
Expect a breakout to test 0.53 resistance
Longterm I see a stockprice above 1 $
Imdex - Nice looking chart - High probability!Key Techincals - High probabilty asc triangle formation. Key Fundamentals - minerals exploration likely one of the key sectors that drives international post covid growth + cutting edge cloud based software allowing clients to make more real time actionable decisions.
