- Entry
- $9.96
- Final
- $14.59 +46.5%
- Target
- —
- Score
- +1.00
Because nitric acid is critical for the "parting" process, chemically separating silver and other metals from gold, refiners have no choice but to purchase it. This is a pickaxes and shovels play imo. Furthermore, $LXU benefits from a significant geographic moat. Nitric acid is hazardous, highly corrosive, and prohibitively expensive to transport over long distances. This gives $LXU’s strategically located domestic plants a natural monopoly over regional refining hubs as well.
— ORIGINAL POST ·
Nitric acid is LARGELY used in the refinement of gold and silver is anyone else looking at $LXU?
· r/stocks
· Jan 22, 2026