Updated

Nova Royalty Corp, copper and nickel royalties for EV boom

I like the macro setup for this new copper and nickel royalty company. I'm in at $2.78 with a stop loss at $3.04.

Experienced management and board members from Metalla Royalty & Streaming (NYSE: MTA, TSX-V: MTA)
Copper and nickel are both expected to be in critical deficits by 2025 or sooner
Annual nickel demand from EV batteries is expected to grow 20x by 2030
Royalty companies are a great business (e.g., gold royalty companies outperform gold and gold mining companies)
Peter Schiff mentioned Nova Royalty is one of his largest personal holdings on his podcast

Here's their latest investor presentation: novaroyalty.com/images/pdf/corporate_presentation/2020/Nova_Presentation_December_8_2020.pdf

Trade active

I'm in at $2.78 with a stop loss at $3.04.

Trade closed: stop reached

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.