Friday, February 09, 2018 3:53:26 PM
And this could just the Beginning!!!
Ending the day at around .40, could KTNND be poised to retest and potentially BREAKOUT of the 200 Day Moving Average where it topped out yesterday?
Well, here's why...
Both Major Indicators: RSI and MACD are now hinting at a Bullish Reversal!
RSI appears to be closing in on the POWER ZONE (above 50, under 70) while MACD is hinting at a Cross of the Line & Signal into BULLISH DIVERGENCE!
Keep in mind, KTNND is trading at just under .30 while it's potential peers in the Zinc Sector like TECK, HBM, and of course, #1 Producer Glencore (GLCNF), have more than DOUBLED in price!
KTNND - THE NEXT BIG ZINC PLAY?
Kootenay Zinc Corp. (KTNND) is a Tri-Listed mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property, located 18 miles east of the world-class Sullivan Mine. The Company is focused on discovering large-scale sedimentary-exhalative ("SEDEX" Zinc deposits.
As highlighted previously, Zinc has seen a Price EXPLOSION by more than DOUBLE over the last year to become one of the Hottest Minerals on the Market today! It now trades well above $3,500./ton!
Stockpiles are falling to what analysts call "a critically low level" and expectations are that a rapid escalation in prices to new 10-YEAR HIGHS of $4,000+/ton could follow.
THE SULLY MINE
With only 18 miles or so separating KTNND's Sully Mine from the Legendary Sullivan Mine, the company believes that geological features point to a MASSIVE SEDEX/ZINC DEPOSIT.
The Sullivan Mine was discovered in 1892, and is known to be one of the World’s Largest SEDEX deposits. Over its 100-year lifetime, Sullivan produced a mountain of silver, ore, zinc, and lead that, at today’s prices, would be valued at US $49 BIL!
With so many of the same characteristics as the legendary Sullivan Mine, if KTNND's Sully Mine could produce even 10% of what the Sullivan Mine had over it's lifespan in today's dollars...
...that would still be a massive $4.9 BIL!!
THE BOTTOM LINE
Needless to say, KTNND is one stock to keep at the top of your radar in both the Short AND Long Term!
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