Investors stand to triple their money in Breaker Resources, says broker Patersons in a fresh research report released this week.
The bullish note from analyst Xavier Braud says Breaker shares, which are currently trading around at 33c, could go “anywhere between 80c and $1.10” on the back of the next resource upgrade at its Bombora gold deposit.
Braud’s note followed the release by Breaker of another batch of strong drilling results which extended the known length of the Bombora deposit by 200m to 2.5km. It also expanded the know width and depth of the deposit.
Ratings agency Fitch is forecasting a surge in demand for nickel as China switches to making EV batteries containing a much larger nickel component than hitherto (reports MiningNews).
Speaking to global investors via a webinar about key 2019 mining themes, Diego Oliva-Velez, Fitch Solutions commodities analyst, said: "Second-generation lithium-ion batteries have a different chemistry, one that uses mainly nickel manganese and cobalt (NMC), while current EV batteries rely more heavily on lithium iron phosphate (LFP).