Rick Rule
Sovereign Metals Limited
SVM-ASX
PAST TOP PICK
Jul 14, 2023
(A Top Pick May 25/22, Down 1%)
Very attracted to stock. Current share price weakness due to African political risk. Excellent assets make up for political risk. Tier 1 deposits worth in excess of $10 billion. Top quartile returns on projects - if able to develop successfully.
High quality. World-class deposit of a mineral increasingly important in industrial applications. Its production is not known to many investors, as it's hidden away in Australia. A play on the electric materials space. (Price target in AUD.) No dividend. (Analysts’ price target is $1.27)
(A Top Pick May 22/22, Down 18%) Junior mining sector hit hard by rising interest rates.
World class deposit currently being developed.
African operations scaring off market due to political risk.
High quality deposit that has yet to be realized by market.
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Very attracted to stock.
Current share price weakness due to African political risk.
Excellent assets make up for political risk.
Tier 1 deposits worth in excess of $10 billion.
Top quartile returns on projects - if able to develop successfully.