#Copper #Silver #Investing #MiningStocks #Electrification #GlobalGrowth #JuniorMiners #MetalsMarket
Michael Ballanger of GGM Advisory Inc. recently offered a deep dive into the metals market, particularly focusing on copper and silver, revealing his top stock picks in these areas. He expresses particular enthusiasm for the return of Michael Williams to Aftermath Silver, a name synonymous with significant gains in the sector. Copper was highlighted as the superior investment opportunity for 2023, underpinned by its crucial role in the Electrification Movement and its importance to global growth, especially in emerging markets. The price of copper has seen substantial recovery, recently hitting a new high of $4.194/lb, influenced by a structural supply deficit.
In terms of stock selections, Ballanger pointed to Freeport-McMoRan Inc. (FCX:NYSE) for conservative growth in the blue-chip arena, praising its over 30% increase since his initial introduction. Additionally, he mentioned junior copper and copper-gold exploration companies like Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) and American Eagle Gold Corp. (AE:TSXV), along with a special mention of Colossus Resources Corp. (CLUS:TSXV) for its copper-gold porphyry project in Chile.
Ballanger’s journey with Aftermath Silver Ltd. (AAG:TSX.V) began in July 2019, leading to a fruitful investment that saw significant returns by January 2021, with shares hitting as high as CA$1.70. This investment underscored the potential within the silver market and Williams’ knack for creating lucrative opportunities for investors.
He also notes Williams’ track record with Underworld Resources, which led to a CA$139 million acquisition by Kinross Gold Corp, showcasing his ability to deliver substantial investor returns. The bear market from August 2020 to March 2024 analyzed seasoned operators, but Ballanger sees early signs of a bull market for copper-gold, reminiscent of the silver boom in 2020.
The article concludes by detailing the promising copper-gold exploration and development assets managed by Williams’ team in Chile and Mexico. With a strong management team and near-term catalysts, including drilling campaigns and community approvals, there’s substantial potential for stock performance, driven by significant geological discoveries and strategic management decisions.
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