Platinum's Time Has Come
Platinum has shaken off the precious metals pullback. It has a 4-year basing pattern. It also has a 12-year consolidation pattern. Reminds me a bit of the pattern Bitcoin broke out of the past couple of months.
Here are platinum miners. I own all of them except Impala and Sibanye because I prefer the smaller plays. Nickle Creek is more of a nickel play, but I'm including it because they do have platinum and their name might attract some dumb money once platinum breaks out.
Bonterra Incomplete Base
Bonterra is conservatively a 5-bagger if they can get one of their properties into production, and that's not assuming a rise in the gold price. It is early in its basing pattern. Management wants to produce in 2022, but thus far they've mostly burned through cash working at a snail's pace. Good news will catapult this stock. Today, they announced a buyout offer of $1.60 was made and rejected. Stock was up as much as 30 percent on the news. They also said they want to raise $10 million. There's deep value here, but it may take higher gold prices or a great drill hole with current management.
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