I bought a good position in this one and here is an intro
Billionaires like Bill Gates, Jeff Bezos, Richard Branson, Robert Friedland and many others have made large investments in battery metals. These guys know how to make big $$$ and we can join them with nearby Eureka.
Eureka is the largest lithium play in the under explored Nunavik region of northern Quebec. Their land package was put together by famed prospector Shawn Ryan and they are near Kobold Mining, a $billion explorer backed by a consortium of multi billionaires, looking for battery metals.
Highlights from Struthers report
- Tight share structure, hence low valuation;
- Large 1,408 sq. Km land package in under explored prospective lithium area;
- First mover status in mining friendly northern Quebec:
- Exploration led by GroundTruth (Shawn Ryan), highly trained, expert crews;
- Well financed with recent $6.7 million raise:
- New company and story not known well by investors yet.
Summary from Struthers report
We have witnessed the first investor wave of interest in lithium exploration with the price rise in lithium in 2022. The pullback from this first wave provides an ideal entry point. However, I think it is also important to have some competitive advantages and that is what we have with Eureka.
We have famed prospector Shawn Ryan that picked the projects and in a very strong mining district for exploration potential and government support, northern Quebec. The same area attracted the billionaires in Kobold Metals. Eureka is a new story with no stock overhang, a tight share structure and not well known yet among battery metal investors.
It is still very early days in the lithium and battery metals bullish cycle. It is also early days in the trading of ERKA's stock. As you can see one the chart it is not much above the $0.70 to $0.90 area it first started trading at. We got a morning doji start reversal pattern I highlighted on the chart, that also shows a hammer candle stick bottom. A break about above $1.10 will probably signal the next wave higher in the stock. I would say it is a strong buy on this break out and Eureka should be in every battery metals investor's portfolio.