Katanga Mining Stock: More Upside Seen

Toronto, Ontario (FSCwire) - Holding the world’s largest cobalt reserves of 1.3 billion pounds (lbs), Katanga Mining Limited (TSX: KAT) continues to ride the strong upsurge in cobalt prices over the past one-and-half years. While the cobalt price has zoomed nearly three times over the mentioned period reaching almost US$30/lb, the share price of Katanga Mining has skyrocketed five to six times to reach $0.70 a share from about $0.14 on January 4, 2017. We believe there is more upside potential in Katanga Mining stock as the outlook for the cobalt price is robust on increasing usage in batteries, positive momentum in copper prices, and the possible early start of cobalt production in 4Q17. 

Read the full article at https://smallcappower.com/analyst-articles/katanga-mining-stock-120717/

About SmallCapPower.com

SmallCapPower.com (SCP) is the industry's most trusted resource for small cap stocks, offering unprecedented access to the research and tools you need to help uncover the next big thing.

Disclosure

Except for the historical information presented herein, matters discussed in this document contain forward- looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Ubika Research and www.smallcappower.com (are both divisions of Ubika Corporation), and are not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice.

Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.

For full disclosure please visit: http://www.smallcappower.com/pages/small-cap-power-disclosure.

For additional information contact:

Mark Thorburn- Manager, Media Relations Email: mark@smallcappower.com

Phone: 416.646.1941

To follow SmallCapPower on your favorite social media platform or financial websites, please click on the icons below.

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2017 Filing Services Canada Inc.