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Katanga Mining Stock: More Upside Seen

FSCWIRE

Katanga Mining Stock: More Upside Seen

Toronto, Ontario (FSCwire) – Holding the world’s largest cobalt reserves of 1.3 billion pounds (lbs), Katanga Mining Limited (TSX: KAT) continues to ride the strong upsurge in cobalt prices over the past one-and-half years. While the cobalt price has zoomed nearly three times over the mentioned period reaching almost US$30/lb, the share price of Katanga Mining has skyrocketed five to six times to reach $0.70 a share from about $0.14 on January 4, 2017. We believe there is more upside potential in Katanga Mining stock as the outlook for the cobalt price is robust on increasing usage in batteries, positive momentum in copper prices, and the possible early start of cobalt production in 4Q17.

Read the full article at https://smallcappower.com/analyst-articles/katanga-mining-stock-120717/

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