Breaking News: Tesla acquires Solar City, Releases Earnings AND Opens Doors to Nevada GigaFactory which Will Revolutionize The Battery Industry
Tesla truly dominated the news this week. After reaching a deal to buy out Solar City, released earnings, and most importantly, opened the doors to its $5 Billion highly anticipated Gigafactory. When completed, the GigaFactory will be the second largest building on the planet, and will pump out batteries faster and cheaper than any of their global competitors. This is the key to Tesla’s goal of ramping up production for their first ever massed produced affordable vehicle.
Savvy Traders on Wall Street are already searching to find stocks which stand to gain from Tesla’s ambitious business model and rapid expansion. Look no further as we’ve done the research for you – and found one of the best kept secrets on Wall Street…..
Oroplata Resources Inc. (Symbol: ORRP)
Goldman Sachs labels Lithium as “the New Gasoline”
Natural Resource Stocks are on fire, but it’s the lithium miners which are putting the pedal to the metal in 2016. Accelerated demand for lithium-ion batteries used in electric vehicles like those made by Tesla Motors have created a 50% increase in the price of Lithium in the last year. Some of these stocks have revved up by as much as 1,500% over the past 12 months.
If Tesla and Musk are to be successful, they will need to dramatically ramp up the production of lithium-ion batteries to power both Tesla’s line of EVs and to provide energy storage for solar systems. And there is one key ingredient which can make all of this work: Lithium
According to the WSJ, Tesla’s Gigafactory could “outpace all the world’s existing plants’ production by a factor of 10.” The factory’s size has led to a string of efforts to mine commodities, like lithium, in North America and to bring more processes to the region. TSLA is attempting is to close the logistics loop from where cells are made and materials are made and move it closer to where the vehicles are made.
Oroplata Resources Inc. (Symbol: ORRP) is focused on becoming a substantial profitable Lithium producer by the rapid development of valuable production-grade Lithium Brine deposits in Nevada and throughout the southwest U.S.
Let’s look at this very simply. Lithium is only mined commercially in a few countries, most notably Chile and Argentina. However, Nevada also contains large deposits of lithium brine and it is not a coincidence that Musk chose Nevada as the site of his gigafactory.
ORRP produces Lithium which Tesla needs, in the state where the Gigafactory is being built.
ORRP is sitting on 10,000 acres that have 500 mining claims in Nevada, with the option of acquiring another 12,000 acres. Oroplata is also focusing on lithium brine, a cheaper and easier-to-produce resource relative to rock mining.
ORRP’s 100 percent company-owned Western Nevada Basin project, has confirmed high concentrations of lithium. Oroplata confirms Lithium presence with 80-200 ppm at Western Nevada Basin Project
ORRP has results which prove the potential profitability of its play, which is located not too far from Tesla’s gigafactory.
ORRP has a management team with extensive mining experience in different parts of the world, which should help it carry out the next phase of its operations.
Let’s take a closer look at the technicals
ORRP broke out in early June and has quickly become a traders dream with multiple opportunities for entry which yielded a 100% move and a 150% move!
ORRP retraced and pulled back right to the trendline. This offers new shareholders a potential perfect entry right at a natural level of support.
ORRP has created a series of higher lows over the last 4 trading sessions which may indicate a bottom is in place.
ORRP is experiencing a surge in trading volume, which corresponds with the bottoming candlestick pattern. This is a common trend reversal pattern and is a strong bullish indicator.
In case you missed the recent news:
- July 29: Oroplata expands Land Position at the Western Nevada Basin Project
- July 27: Paul Pelosi, Jr. Enlisted to Promote Domestic Energy Source: Lithium by Oroplata Resources
- July 25: Oroplata Resources Engages Sichenzia Ross Friedman Ference LLP
- July 22: Oroplata strengthens Board of Directors with Industry Veteran
- July 15: Oroplata Resources Plans Drill Program and Discusses Corporate Communications Policy
Start your research on ORRP ASAP.