I’m going for Cerro de Pasco, they have 10-bagger potential and I love their business model with reprocessing old tailings to extract more minerals and metals. It is a speculation, not an investment!
Meteoric Resources is also on the list but haven’t bought yet. They have a large land package—I think the largest one—of rare earth elements; a key in advancing technology! Cerro de Pasco also found significant amounts of gallium, a strategic element.
Commodities are good in times of inflation and are cyclical, much longer road to run than tech stocks, which technology can change in months. Too short of a time for me to study and get into a stock. You capture beta buying ETFs but I’m trying to capture alpha
Cerro de Pasco is on the OTC and if you want a chance at a 10-bagger or more, the company must be beginning and not well-established. Plus backing from Eric Sprott of Sprott Inc. helps.
Gillette was a 100-bagger but it took them like 30 years, I don’t want to wait that long for a big gain. I think this won’t be a 30-year quantum gain; but it’s a speculation, so we’ll see. The team is experienced but it is a novel project and there is one chemical engineer for that huge tailings waste. This is not for the faint of heart.
Robert Friedland since released an announcement of the restart of the mine and is dewatering it. It is a high-grade huge copper deposit that also has a low-carbon footprint.
If anyone has experience and success investing in Fundrise, please share! You can create a balanced portfolio but they also have a venture start-ups option too.
