Q: This has dropped back a fair bit and am looking for your current thoughts on adding to a position at the $20 level. Thank you
5i Research Answer:
Momentum has been solid, and it operates in the critical minerals space which has been seeing strong tailwinds. It is a small-cap name ($932M market cap), but forward earnings estimates are strong at 56% for next year, and 26% the year after that. Analyst estimates are trending higher, and it is benefiting from a few tailwinds: EV supply chain diversification away from China, AI infrastructure, and aerospace. We would be comfortable buying here.