First Vanadium Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company explores for copper, silver, zinc, and gold minerals. It holds a 100% interest in the West Jerome property located in Jerome, Arizona. It also holds interest in the Carlin Vanadium project, which comprises 72 contiguous unpatented mineral claims covering an area of 1,140 acres located in Elko County, Nevada. The company was formerly known as Cornerstone Metals Inc. and changed its name to First Vanadium Corp. in September 2018. First Vanadium Corp. was incorporated in 2006 and is based in Vancouver, Canada.
In a recent Goldman Small Cap Research Company Spotlight article, analyst Rob Goldman features an analysis of recent events and potential future share price valuations. There are key factors in play with First Vanadium which we believe will drive the valuation in these shares, going forward:
Largest and highest grade vanadium deposit in North America; best-performing metal in 2018
“First Vanadium owns exclusive mineral rights to the noted Carlin Vanadium Project in North Central Nevada, which contains the largest and highest grade primary vanadium deposit in North America. Vanadium is an extremely valuable and highly sought-after, strategic mineral that is critical to a number of industries. It is found in the production of steel, along with industrial and utility-scale battery storage technology. This deposit could reduce U.S. potential reliance on vanadium sourcing from China and other producers.”
New programs indicate in-ground metal deposit of $6.5B—up from $5Bpreviously
“The Company’s new programs indicate in-ground metal deposit of $6.5B—up from $5B previously. FVAN spent about $1 million in the drilling and added about US$1.5 billion of new in-the-ground metal value (at spot price of US$17.60/lb), displaying tremendous leverage. With 378 million pounds of V2O5 at spot US$17.60/lb the deposit now has an in-the-ground metal of over US$6.6B. FVAN has 31.83 million tons combined, on an indicated and inferred basis. “
This stock has no net income, is traded on the OTC exchange and is a speculative stock. This trade setup in based entirely on the technical profile of the chart.
The current Annual EPS Growth for First Vanadium Corp. is 0.00 which is less than the 30% average found is strong trending, fundamentally sound companies.
The current Quarterly EPS Growth for First Vanadium Corp. is 0.00 which is less than the 25% average found is strong trending stocks even during or before huge price moves.
The current Quarterly Sales Growth for First Vanadium Corp. is 0.00 which is less than the 25% average found is strong trending stocks.
| Buy Target $.65 | Sell Target 1 $1.13 |
| Trailing Stop 50% | Sell Target 2 $1.48 |
