Posted On: 05/22/2015 1:20:00 PM
Post# of 99243
$SNET DD notes on why I like SNET. I am personally long the stock and have been accumulating a nice position in the market for sometime.
Chart attached showing major bullish points!
Business Description
SourcingLink.net (SNET) is a U.S. Based publicly traded exploration and development company with a focus or rare earth metals and rare earth elements, which are among the primary input materials of technology in the 21st century. The Company is currently focused on exploration and development of it's Eldor project in Quebec, Canada, which is recognized as one of the most favorable mining jurisdictions in the world.
Rare earth elements are vital materials utilized in many 21st century technologies, including in most sustainable energy technologies and a wide spectrum of defense applications.
SNET's website http://www.sourcinglink.org
Recent 60 Minutes Episode on Rare Earth Elements: https://www.youtube.com/watch?v=N1HiX0HiAuo
Eldor Rare Earth Project is located in Northern Quebec, Canada directly adjoins the west boundary of Commerce Resources Ashram Project which currently has a Preliminary Economic Assessment (PEA)with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%. The rare earth elements at Ashram occur in simple and well-understood mineralogy, being primarily in the mineral monazite and to a lesser extent in bastnaesite and xenotime. These minerals dominate the currently known commercial extraction processes for rare earths. The deposit has combination of Light , Middle and Heavy Rare Earth Oxide (MHREO).
Commerce Resources Shares Out: 216.5m
Commerce Resources trades @ a $20 Million dollar market cap in the .09-.10 and was over .30 a year ago on Canadian exchange under symbol V.CCE http://www.stockhouse.com/companies/quote/v.c...urces-corp
Recent PR from SNET http://finance.yahoo.com/news/snet-discovers-...00167.html
SNET's property is next to Commerce Resources
SNET trades at .0062x .0065 with under a $3 Million market cap
Outstanding Shares 461,099,032
a/o May 01, 2015
Float 198,188,802 a/o May 01, 2015
Level 2 is thin to .015
Personal opinion is its a great buy .008 and below with short term target of .015 mid term target of .0225 longer term target .03-.05
Chart attached showing major bullish points!
Business Description
SourcingLink.net (SNET) is a U.S. Based publicly traded exploration and development company with a focus or rare earth metals and rare earth elements, which are among the primary input materials of technology in the 21st century. The Company is currently focused on exploration and development of it's Eldor project in Quebec, Canada, which is recognized as one of the most favorable mining jurisdictions in the world.
Rare earth elements are vital materials utilized in many 21st century technologies, including in most sustainable energy technologies and a wide spectrum of defense applications.
SNET's website http://www.sourcinglink.org
Recent 60 Minutes Episode on Rare Earth Elements: https://www.youtube.com/watch?v=N1HiX0HiAuo
Eldor Rare Earth Project is located in Northern Quebec, Canada directly adjoins the west boundary of Commerce Resources Ashram Project which currently has a Preliminary Economic Assessment (PEA)with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%. The rare earth elements at Ashram occur in simple and well-understood mineralogy, being primarily in the mineral monazite and to a lesser extent in bastnaesite and xenotime. These minerals dominate the currently known commercial extraction processes for rare earths. The deposit has combination of Light , Middle and Heavy Rare Earth Oxide (MHREO).
Commerce Resources Shares Out: 216.5m
Commerce Resources trades @ a $20 Million dollar market cap in the .09-.10 and was over .30 a year ago on Canadian exchange under symbol V.CCE http://www.stockhouse.com/companies/quote/v.c...urces-corp
Recent PR from SNET http://finance.yahoo.com/news/snet-discovers-...00167.html
SNET's property is next to Commerce Resources
SNET trades at .0062x .0065 with under a $3 Million market cap
Outstanding Shares 461,099,032
a/o May 01, 2015
Float 198,188,802 a/o May 01, 2015
Level 2 is thin to .015
Personal opinion is its a great buy .008 and below with short term target of .015 mid term target of .0225 longer term target .03-.05
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My Favorite Paid chat room with amazing chart setups is The Trading Stock Lounge http://www.thetradingstocklounge.com/
