The Golden Hot Star Stock this week is CZI (Cassini Resources) very high-risk play on the Copper and Nickel sector.
Technically, we like the way the chart has moved this week! Fundamentally, this is the largest underdeveloped Nickel & Copper player in Australia on a market capitalisation of $22 million with plenty of upside if OZ Minerals (OZL) are content with the scoping study and decide to continue to back the joint venture into production (OZ Minerals the option to earn up to 70%).
We wait for the scoping study due this quarter. This stock is already an Equity Story Ten Bagger and with such a strong move last week, we think the momentum will continue for another!