Better Than Avocados, Gold From Mexico
Nothing particularly impressive with this company exploring for gold in Mexico. It has some strong hits, but wll see more dilution befoe they finishing drilling out a resource. The chart is great though. It has finally cleared long-term resistance line one, and is not far from the horizontal at 17 cents. What's best is this stock was July 2024 warrants that exercise at 14 cents, already in the money trading at only 6 cents. If this stock can get to 30 cents in a gold bull market (the chart tells me it can) or higher, then the warrants will deliver about 2x the return of the underlying. Warrants will deliver 5x if MEX can get to 45 cents, the stock will be up 3x.
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