Keith Neumeyer got it right again!
I already knew he had a gift for building great companies, but now he is demonstrating his capabilities as an investor, as well.
Zinc One Resources (TSX-V: Z & US: ZZZOF), which I covered yesterday, due to the fact that it’s priced as if it is a pure exploration play, instead of a potential near-term zinc miner, which it is, just released their best drill results to-date.
Check it out HERE!
The entry price below CAD$0.43 is absolutely a bargain, as Portfolio Wealth Global sees it.
Instead of shorting the Dollar, which has a 10%-15% potential return, I bet on commodities to turn around. That’s the ideal way to do it.
Resource investing takes patience. You must build a position over time by following the progress of the company and taking advantage of trading opportunities.
This company has seen heavy volumes of short-selling in January and February, which is what made shares so attractive today.
Consider Zinc One (TSX-V: Z & US: ZZZOF) shares following this news release.
It confirms the fact that their Peruvian projects are world-class, high-grade, and they’ll have no issues raising money to complete the process of taking their flagship project into production, while the intermediary milestones are met.
No one is looking at the resource sector right now.
It’s been left for dead, but I remember the same type of trading sentiment in 1998, two years before the greatest commodities bull market started out of nowhere, and made the early-comers, who bit their lips and kept buying, when everyone else was busy shorting miners or buying tech stocks, a giant fortune.
It’s crunch time and having your stomach turn over twice before buying a zinc stock means that it is a contrarian play.