Monday's Monster Stock (Feb. 26)

Up 130% since it's IPO, 4 months ago

Author

Colton Griffith
February 26, 2024

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What's on our radar this week? (Feb. 26)

  • 🔍 Up 130% following IPO only 4 months ago

  • Ready for extensive exploration 💰

  • 📍Nestled among giants in the Vicuña district

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Unless you live under a rock, you’ve probably heard about our need for copper.

EV’s are taking over (or are they?) and they’re bringing copper with them.

Did you know an EV requires 3x the copper of a regular gas car?

Okay, so do we have enough of it to fulfill this demand? Yes, but no.

We have the copper, we just haven’t found it yet.

This weeks Monster Pick is betting that they can help fulfill this need, and investors seem to agree.

Visualization of the copper we’ve found vs copper still left to mine.

🎯 Why Sendero Resources Stands Out:

Untapped Copper Potential: Located in the Vicuña district of Argentina, Sendero Resources is netled amongst the Andes, a region that produces 40% of the worlds copper.

Leadership With a Vision: CEO Hernan Vera has been around with experience at Barrick, AngloGold and multiple other companies. An early raise of $4M proves his financing abilities.

Strategic Exploration Plans: 4500m of drilling has started on their 100% owned Peñas Negras property, which covers over 120 square kms. They’re basing this program on historic results, and a magnetic survey which identified a large anomaly near the center of the property.

Vicuña mining district is unique due to it’s proximity to The Escondida mine, named because it was "hidden" beneath hundreds of meters of barren rock with no surface signs of its extensive copper ore body. The Escondida mine is currently the world's highest producing copper mine and around 1.4 million tonnes of copper is produced per year.

⚠️Potential Risks⚠️

Early, early, early: Sendero hasn’t produced any assay results - so it’s still early. Don’t pour your lifesavings into this.

Market Volatility: The market is still bad (see Resource Fall), will it get worse before it gets better? Time will tell.

Amidst the Vicuña mining district, Sendero Resources stands out with its strategic location, untapped potential and early market success.

Can’t wait until these first drill results are out.

  • Stock Symbol: TSX.V: SEND

  • Stock Price: $0.39 (as of Feb. 5)

  • Market Cap: $27M

STOCK CHART
Sendero Resources (TSX.V: SEND)

👋 Colton, Stock Monster

P.S. Want to view our previous Monster Stock picks? View them here.

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This newsletter is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions. We have not been compensated in any way for this pick or content; we genuinely just like it, and because of that, we likely bought shares, assume we own it. Moon RiverAres