Prophecy Development Corp. (PRPCF) Buy Target $0.22 – Sell Target $0.51

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Prophecy Development Corp. engages in the acquisition, exploration, and development of mineral and energy projects. It holds a 100% interest in its operating primary vanadium mine, the Gibellini vanadium project, which is located in Eureka County, Nevada.

The company also owns a 100% interest in the Titan vanadium-titanium-iron property located in Ontario, Canada; a 100% interest in the Ulaan Ovoo coal property located in Selenge province, Mongolia; and a 100% interest in the Chandgana Tal coal property and Khavtgai Uul coal property located in Khentii province, Mongolia.

In addition, it holds a mining joint venture interest in the Pulacayo Paca silver-lead-zinc property located in Quijarro province, Bolivia. The company was formerly known as Prophecy Coal Corp. and changed its name to Prophecy Development Corp. in January 2015. Prophecy Development Corp. is headquartered in Vancouver, Canada.

Vanadium: Miracle new-age metal

Fast growing application in aerospace and defense 0.5% vanadium strengthens and compacts alloys:

Weight savings by 30%. Widely used in jet engine blades, missile casings, propulsion system, Ti-Al-V body construction.

The company’s recent investor report the focus on the surging demand for this metal.

Prophecy Development Corp is a purely speculative trade based on the chart pattern alone.

Trade Setup

Buy Target $0.22Sell Target 1 $0.39
Trailing Stop 50%Sell Target 2 $0.51

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