New Milestone, Upcoming Events Confirm Price Target

Investment and Company Research
Opportunity Research
COMPANY UPDATE
 

icon Download Report in PDF Or Scroll down to read the complete report below.

PACIFIC RIM COBALT CORP.

PCRCF Successfully Completes Program;
Additional Development Program Set to Commence

Rob Goldman
[email protected]

October 28, 2019
 

PACIFIC RIM COBALT CORP. (OTC – PCRCF - $0.12;
CSE – BOLT; Frankfurt – NXFE)

Price Target: $0.30 Industry: Mining Exploration
   

COMPANY SNAPSHOT

INVESTMENT HIGHLIGHTS

Pacific Rim Cobalt Corp. is a Canadian‐based exploration company focused on the acquisition and development of production grade nickel and cobalt deposits, along with key raw material inputs for the growing lithium‐ion battery industry. The Company’s flagship development project is in Indonesia.

 

KEY STATISTICS

 
Price as of 10/25/19 $0.1253  
52 Wk High - Low $0.2593 - $0.07  
Est. Shares Outstanding 63.7M  
Market Capitalization $7.5M  
Average Volume 30,816  
Exchange: OTCQB  
 

COMPANY INFORMATION

Pacific Rim Cobalt Corp.
Suite 300 Bellevue Centre
235 - 15th St West
Vancouver, BC V7T 2X1
Canada

Web:     www.PacificRimCobalt.com
Email:   [email protected]
Phone : 604.922.8272

 


 

The News: Earlier today, PCRCF announced final results from the recently completed detailed recovery process bench scale test program. In our view, this news should be considered a significant catalyst to move the shares to a new level and an affirmation of our investment thesis.

The Highlights: The results indicate strong leach recoveries and the production of high-quality nickel and cobalt solutions. Importantly, the program confirms the ability of the Company to potentially produce high purity nickel and cobalt products.

First in Series of Upcoming Milestones. PCRCF shall produce a maiden 43-101 resource estimate in the coming months, serving as a driver for the stock.

The Company’s Pilot Plant in Canada will produce high purity strip solutions suitable for production of nickel and cobalt MHP and nickel and cobalt sulphates. PCRCF plans to establish design criteria for a demonstration plant in Indonesia and evaluate technical and economic aspects of a commercial scale plant there. Finally, PCRCF will demonstrate the ability to produce a product within market specifications and for market evaluation.

Our $0.30 price target reflects the growth in the value of this early mover’s shares driven by the aforementioned milestone events. This figure also correlates with other junior resource companies in a similar stage as PCRCF.

RECENT TRADING HISTORY FOR PCRCF

Senior Analyst: Robert Goldman

Rob Goldman founded Goldman Small Cap Research in 2009 and has over 25 years of investment and company research experience as a senior research analyst and as a portfolio and mutual fund manager. During his tenure as a sell side analyst, Rob was a senior member of Piper Jaffray's Technology and Communications teams. Prior to joining Piper, Rob led Josephthal & Co.'s Washington-based Emerging Growth Research Group. In addition to his sell-side experience Rob served as Chief Investment Officer of a boutique investment management firm and Blue and White Investment Management, where he managed Small Cap Growth portfolios and The Blue and White Fund.

Analyst Certification

I, Robert Goldman, hereby certify that the view expressed in this research report or article, accurately reflect my personal views about the subject securities and issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the recommendations or views expressed in this research report.

Disclaimer

This Opportunity Research report was prepared for informational purposes only.

Goldman Small Cap Research, (a division of Two Triangle Consulting Group, LLC) produces research via two formats: Goldman Select Research and Goldman Opportunity Research. The Select format reflects the Firm’s internally generated stock ideas along with economic and stock market outlooks. Opportunity Research reports, updates and Microcap Hot Topics articles reflect sponsored (paid) research but can also include non-sponsored micro-cap research ideas that typically carry greater risks than those stocks covered in the Select Research category. It is important to note that while we may track performance separately, we utilize many of the same coverage criteria in determining coverage of all stocks in both research formats. Research reports on profiled stocks in the Opportunity Research format typically have a higher risk profile and may offer greater upside. Goldman Small Cap Research was compensated by a third party in the amount of $4500 for a research subscription service. All information contained in this report was provided by the Company via filings, press releases or its website, or through our own due diligence. Our analysts are responsible only to the public, and are paid in advance to eliminate pecuniary interests, retain editorial control, and ensure independence. Analysts are compensated on a per report basis and not on the basis of his/her recommendations.

Goldman Small Cap Research is not affiliated in any way with Goldman Sachs & Co.

Separate from the factual content of our articles about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Such information and the opinions expressed are subject to change without notice.

The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research did not make an independent investigation or inquiry as to the accuracy of any information provided by the Company, or other firms. Goldman Small Cap Research relied solely upon information provided by the Company through its filings, press releases, presentations, and through its own internal due diligence for accuracy and completeness. Such information and the opinions expressed are subject to change without notice. A Goldman Small Cap Research report or note is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. This report does not take into account the investment objectives, financial situation, or particular needs of any particular person. This report does not provide all information material to an investor’s decision about whether or not to make any investment. Any discussion of risks in this presentation is not a disclosure of all risks or a complete discussion of the risks mentioned. Neither Goldman Small Cap Research, nor its parent, is registered as a securities broker-dealer or an investment adviser with FINRA, the U.S. Securities and Exchange Commission or with any state securities regulatory authority.

ALL INFORMATION IN THIS REPORT IS PROVIDED “AS IS” WITHOUT WARRANTIES, EXPRESSED OR IMPLIED, OR REPRESENTATIONS OF ANY KIND. TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, TWO TRIANGLE CONSULTING GROUP, LLC WILL NOT BE LIABLE FOR THE QUALITY, ACCURACY, COMPLETENESS, RELIABILITY OR TIMELINESS OF THIS INFORMATION, OR FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES THAT MAY ARISE OUT OF THE USE OF THIS INFORMATION BY YOU OR ANYONE ELSE (INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, LOSS OF OPPORTUNITIES, TRADING LOSSES, AND DAMAGES THAT MAY RESULT FROM ANY INACCURACY OR INCOMPLETENESS OF THIS INFORMATION). TO THE FULLEST EXTENT PERMITTED BY LAW, TWO TRIANGLE CONSULTING GROUP, LLC WILL NOT BE LIABLE TO YOU OR ANYONE ELSE UNDER ANY TORT, CONTRACT, NEGLIGENCE, STRICT LIABILITY, PRODUCTS LIABILITY, OR OTHER THEORY WITH RESPECT TO THIS PRESENTATION OF INFORMATION.

For more information, visit our Disclaimer: www.goldmanresearch.com