Drilling Uncovers 800-Foot Copper Extension at Majuba Hill, More Than First Thought
On March 5, Technical Analyst Clive Maund issued a favorable assessment of Giant Mining Corp., emphasizing its technical setup and the broader industry environment. Maund stated that the company had completed a “big Cup & Handle base pattern” and noted that trading volume supported the pattern’s bullish implications. According to Maund, “the strong volume on the rally to complete the right side of the Cup” indicated a genuine reversal pattern and suggested that investors had recognized the company was “turning the corner.”
Maund highlighted that a confluence of technical factors had positioned the company’s stock for a potential breakout, particularly as moving averages converged. He explained that “another upleg from here will quickly result in a bullish cross of the moving averages,” which would confirm the start of what he described as “an important new bull market.”
In addition to the chart-based analysis, Maund cited external catalysts, particularly U.S. tariff policy, as a supportive force for domestic copper-focused firms. He wrote that “the growing awareness that the tariff barriers will make domestic producers of copper like Giant Mining… more important” had begun to influence market sentiment and investor interest. [OWNERSHIP_CHART-11069]
Maund also emphasized the company’s longer-term valuation context, pointing out that Giant Mining had previously traded at significantly higher levels. He stated, “as recently as early 2023 it was trading at over CA$4.00 and if you go back further you will find that it was trading as high as CA$140 early in 2021.” He concluded that this presented “an excellent time to buy Giant Mining or add to positions in it.”
Source: https://www.streetwisereports.com/article/2025/04/01/drilling-uncovers-800-foot-copper-extension-at-majuba-hill-more-than-first-thought.html
