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- Monday's Monster Stock (Jan. 8)
Monday's Monster Stock (Jan. 8)
up over 600%!
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When this company acquired it’s B26 project just over a month ago, everything changed.
Abitibi Metals (CSE: AMQ) is up over 600% this past year & shows no signs of slowing down
Hundreds of millions of pounds of copper ⛏️
💵 Money in the bank
📍Ideal, Canadian location
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🎯 Why Abitibi Metals gets the pick this week
Advanced project: Abitibi’s B26 Project has a significant resource that includes 400 million pounds of copper and 286,000 ounces of gold, along with notable zinc and silver.
Location, location, location: The B26 project is located in Quebec, Canada, recognized as a favorable mining province, and the deposit spans a continuous strike length with strong growth potential.
Experienced management: The management team, particularly CEO John Deluce, brings experience in mining and capital markets, with a proven ability to raise money.
Money’s not an issue: Abitibi raised $14 million in 2023, they’ve proven their ability finance exploration work in tough markets.
STOCK MONSTER FACT
The history of mining in Quebec dates back to the discovery of North America, when Jacques Cartier mistook quartz and pyrite for diamonds and gold on the slopes of Cap Diamant. The first true mines in Quebec opened in the 1840s, following the discovery of a famous gold nugget in the Beauce region by Clothilde Gilbert, sparking Quebec’s first gold rush
⚠️Risks to keep in mind⚠️
Market response: Market don’t always respond to news the way we hope. Even good drill results can cause the stock to go lower. Investors want exceptional, nothing less. Don’t put too much weight in fluctuation
Copper price: Changes in copper price obviously effect AMQ’s economics, but they also effect investor sentiment - watch for mismatches. Is copper price high but stock price low? Might be an opportunity.
This weeks pick: Abitibi Metals Corp. (CSE: AMQ)
The B26 project has never been owned by a public company, and with Abitibi Metals fully funded and ready for 2024, this story has only just begun.
Current Stock Trading Details:
Stock Symbol: CSE: AMQ
Stock Price: $0.55 (as of Jan. 8)
Market Cap: $35M
👋 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.
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