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Turn Attention To Breakout Idea (OTC: HIRU) As Bullish Technical Indicators Remain (More Breaking News)
October 8th
Greetings Readers,
Hiru Corporation (OTC: HIRU) had an interesting Monday.
Popping to a high of $.0034, a level it hadn't seen in two weeks, HIRU toyed with a potential breakout before closing even on the day.
But here are the critical details you need to consider right now...
HIRU just dropped more breaking news today! Check this out: HIRU Corporation (HIRU) Releases Preliminary Feasibility Scoping Study for the Balfour Project, Tasmania
From the article:
The Balfour Project is projected to treat 500,000 tonnes of ore annually, grading at 1.5% copper, yielding approximately 50,000 tonnes of copper concentrate per year. The study evaluates a 5-million-tonne ore processing scenario, representing only a portion of the overall project, as additional resources remain to be explored and developed.
On top of that, Barchart continues to report up to 11 bullish technical indicators being triggered as of the closing bell Monday.
The company also shared news Monday of this research report to help the layman get a better idea of how big of a potential opportunity the company's project at the Balfour Copper Mine could be.
Maybe most importantly, HIRU remained right at or above 3 critical chart lines when Monday's closing bell rang. That includes its:
- 50-Day Simple Moving Average (SMA),
- 200-Day SMA, and its
- 13-Day Exponential Moving Average (EMA).
If support is strengthening at those critical levels, HIRU's chart will need to be watched very closely.
Hiru Corporation (OTC: HIRU) needs to be back on your radar this morning. Keep a close eye on it and check out my initial report below!
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Taking names and kicking butt... That was our goal last week and we accomplished it in a major way.
A quick recap:
10/4/24 - This Nasdaq alert surged from an after hours close of $.82 to a following day high of $1.15. Overall, it went on an approximate blast of 40%.
10/2/24 - This profile popped from an open of $.485 to a high of $.5625 on the day resulting in a move of approximately 15% intraday.
9/30/24 - Brought to attention around the $4.00 mark before the opening bell, this one erupted $1.00+ to a high of $5.09 on the day, catapulting approximately 27% intraday.
That's approximately 72% combined over 3 timely alerts last week.
Ready for what's next?
This new breakout idea is an explorer who just received a serious cash injection.
With additional funding of between $3 to $5Mn, this copper miner will be able to speed up operations at their flagship property which contains 17km of mineral-rich terrain.
And as Australian copper industry revenue has increased to reach an estimated $9.6Bn in 2024, the window of opportunity to become a significant disruptor is wide open in the sector.
Plus, even more immediately, this profile closed above 3 key technical lines on Friday which could signal strengthening support on its chart.
The clock is ticking. Drop what you're doing and pull up:
*Hiru Corporation (OTC: HIRU)*
The Hiru Corporation is a mining company headquartered in Toronto, Canada, with a focus on copper and other essential metals.
The company's flagship operation, the Balfour Project, is located in north-western Tasmania, Australia.
Committed to ethical mining practices, Hiru is actively exploring new opp's in resource-rich regions across the globe.
Hiru's Flagship Operation - The Balfour Copper Mine
The Balfour Project is located in a remote but resource-rich area of north-western Tasmania, Australia.
Although the settlement of Balfour, once a thriving mining community, is now nearly abandoned with a population of only around ten, the surrounding area holds immense potential for resource extraction.
The Balfour Project spans five exploration licences and one mining lease, covering over 70 kilometres of mineral-rich terrain.
This includes over 25 kilometres of strike containing numerous documented mineral occurrences, including copper, tin, gold, and other valuable metals.
The project's proximity to major towns like Burnie and Devonport ensures easy access to key infrastructure, including scheduled flights to mainland Australia.
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