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Nova Royalty Corp, copper and nickel royalties for EV boom
Nova Royalty Corp, copper and nickel royalties for EV boom
By jfornear
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Updated
Dec 28, 2020
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Dec 28, 2020
I like the macro setup for this new copper and nickel royalty company. I'm in at $2.78 with a stop loss at $3.04.
Experienced management and board members from Metalla Royalty & Streaming (NYSE: MTA, TSX-V: MTA)
Copper and nickel are both expected to be in critical deficits by 2025 or sooner
Annual nickel demand from EV batteries is expected to grow 20x by 2030
Royalty companies are a great business (e.g., gold royalty companies outperform gold and gold mining companies)
Peter Schiff mentioned Nova Royalty is one of his largest personal holdings on his podcast
Here's their latest investor presentation:
novaroyalty.com/images/pdf/corporate_presentation/2020/Nova_Presentation_December_8_2020.pdf
Dec 28, 2020
Trade active
I'm in at $2.78 with a stop loss at $3.04.
Dec 29, 2020
Trade closed: stop reached
Chart Patterns
Copper
Fundamental Analysis
nickel
royalty
Trend Analysis
jfornear
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