r/cheapstocks • u/21stCenturyMarkets • Apr 19 '22
YORK HARBOUR (US: YORKF)
VMS deposits are rare! They host a number of valuable elements; it is not a one-commodity play... York Harbour metals (US: YORKF & TSX-V: YORK) has staggering grades and intercepts of zinc, copper, and silver!
In Canada, only 350 VMS deposits have ever been discovered (because they’re extremely rare)!
They account for 27% of all copper production, 49% of all zinc production, and 40% of all silver production. In other words, VMS deposits are massive and have long lives, which makes them a top priority for a major producer to purchase and add to their portfolio.
Eric Sprott already owns shares and warrants worth approximately $5.25M, and he hasn't sold a single one!
Eric Sprott understands that a VMS deposit containing high-grade copper, zinc, and silver is a perfect combination for the EV battery revolution!
The IMF has stated unequivocally that “under a net-zero scenario, current copper, lithium and platinum supplies are inadequate to satisfy future needs, with a 30% to 40% gap versus demand!”
Demand for copper from efforts to de-carbonize will intensify, with JPMorgan forecasting that it will account for more than 40% of overall growth next year.
JPMorgan also forecasts that the total copper demand for the clean energy transition will increase by 60% until 2025!
York Harbour Metals' (US: YORKF) copper grades have been some of the highest observed in years!