FCX - Aftermath Silver's Michael Williams Is Back | Benzinga
Source: Michael Ballanger 04/05/2024
Michael Ballanger of GGM Advisory Inc. takes a look at the current state of copper and silver, sharing some top stock picks. He also details his excitement that Michael Williams of Aftermath Silver is back in the game.
As all subscribers know, I selected copper as the premier investment opportunity in the metals arena in 2023 based on its role not only critical to the Electrification Movement but also to global growth, particularly in emerging markets.
Copper has traded in the $3.13-3.90 range for most of the past two years, with the lows occurring in 2022, shortly after the Fed embarked upon monetary tightening in July of that year. Recently, however, the compelling fundamentals brought about by the looming structural supply deficit propelled copper to new recovery highs above $4.00 and as of today, sits at a new high for the breakout at $4.194/lb.
Top Copper Picks
Selected as my top pick in the blue-chip arena for conservative growth, Freeport-McMoRan Inc. (NYSE: FCX) has been a stellar performer, up over 30% since I first introduced it to subscribers at $38.
Along with FCX, I have been accumulating a basket of junior copper and copper-gold exploration issues that include Fitzroy Minerals Inc. (OTC: FTZFF) and American Eagle Gold Corp. (OTC: AMEGF) both of whose share prices have performed admirably in recent weeks.
Back in February, I sent another Special Situation Report on Colossus Resources Corp. (OTC: COLUF), whose Chilean copper-gold porphyry fit perfectly into the copper basket.
Aftermath Silver
In July 2019, I was approached by a longstanding colleague, Michael Williams, about the possibility of getting involved with his Aftermath Silver Ltd. (OTC: AAGFF) project, whose Chilean silver projects appeared attractive at the time.
I participated along with a number of colleagues in a CA$0.08 unit financing that included a half-warrant at CA$0.12. Needless to say, that placement was a highly-lucrative investment for all parties as by January 2020, the shares were trading at CA$0.50 only to be bludgeoned down to CA$0.08 during the COVID crash in March 2020.
However, by January 2021, the shares had traded as high as CA$1.70 on average daily volumes exceeding 200,000 shares per day, with Eric Sprott taking down 19.9% of the issued capital.
My history with Michael Williams actually goes back to 2009 and his Yukon gold exploration company – Underworld Resources – which made the exciting Golden Saddle discovery only to be sold to Kinross Gold Corp. for CA$139 million (CAD $2.69 per share) in March 2010.
Williams has a habit of making investors money — and a lot of it — albeit the August 2020-March 2024 bear market turned many seasoned junior mining operators into "yesterday's heroes" as investor interest shied away from the space.
These are "early days" for the copper-gold bull, and Michael ...