SNET Eyes Profits After Major Announcement By US Department of Defense
Good Afternoon!
The executives running SNET must be rubbing their hands right now. And why you ask?
Well, the US Department of Defense recently published their annual Stockpile Requirements Report. In it, they highlighted certain materials that the nation should be stockpiling if it wants to continue dominating the world.
Turns out that SNET has a number of these materials at its Eldor Rare Earth Property Claims (The Eldor Project).
Now here’s the kicker. The Eldor Project has consists of 34 mineral claims covering approximately 3951 acres. That’s an awfully big property and even bigger growth potential if the US Department of Defense comes knocking.
All of this makes SNET a very valuable trading target at current levels. Wall Street doesn’t know it yet but a time is approaching when SNET’s current .0053 a share valuation will be a distant memory.
Keep an eye on .01; consolidation has brought this marker closer into view. If SNET pops, that’s where it could be headed.
Take a look into this sub-penny gem right now, the clock is ticking.
SNET Must-See Technicals
SNET has just set new higher highs and all the signs suggest that momentum is poised to take play higher.
Volatility levels are just where you’d expect them for a play marching north. Average volume is now nearly half a million shares.
SNET has just discovered rare earth metals at its Eldor Project property. This gives the company access to a market on track to reach $8.19 billion in 4 years.
SNET is trading with a 47 RSI which means huge upside and bounce potential from current levels. Incidentally, at 70 RSI SNET is trading at .0132 or 149% upside from current valuation.
SNET is just 11% below its 50 DMA of .0059 which confirms the current uptrend.
SNET had a breakout day May 27, opening at .0050 before rallying to a high of .0120 for one-day paper gains of up to 140%.
About
SNET (SourcingLink.net, Inc.) explores and develops mineral properties. The company focuses on rare metal and rare earth element deposits.
SNET has an agreement to acquire 100% interests in the Eldor Rare Earth Property Claims that consists of 21 mineral claims covering an area of approximately 2,438 acres and is located in northern Quebec, Canada.
Rare Earth Metals Market To Hit $8.19 Billion In Just 4 Years
According to Transparency Market Research, the worldwide demand for Rare Earth Elements was worth $3.93 billion in 2013. The expected CAGR growth till 2018 is expected to be 13%, and the market value is expected to be worth $8.19 billion. REEs are used in most of the today's technology products. The use of REE will only continue to grow as more and more applications are discovered. According to the USGS Mineral Commodity Summaries, US imported an estimated $210 million worth of REE.
Big News Development
SNET Comments on Department of Defense 2015 Stockpile Requirements Report
SNET’s growth potential got a major boost with the publishing of the annual Stockpile Requirements Report by the US Department of Justice.
The report confirmed that a number of the materials needed for stockpiling are in fact present on SNET’s Eldor Rare Earth Elements property located in Quebec.
SNET’s CEO Chuck Wagner said that the report by the US Department of Defense is just “further validation of what we at our Company already believe that it is important for us to continue work on our property and prepare for mining materials that are commercially viable.”
To learn more about SNET please visit their website: http://sourcinglink.org/
SNET delivered on March 27 and funny enough, the setup then is exactly like it is now. The trading price is more or less the same and momentum is also similar.
140% intraday gains is a lot to play for so make a move on SNET as soon as you can.
