Gerardo Del Real,
Editor
May 8, 2024
By now, the average resource speculator hopefully knows the premise moving forward.
Major mining companies misallocated capital during the last resource bull market, leading to a decade-plus of underinvestment. That, in turn, created a pullback in exploration, particularly “quality exploration,” leading to an overall lack of meaningful mineral discoveries.
Fast-forward to 2024, and that premise is slowly but surely changing. Gold continues to make record highs. Copper is headed there. And uranium is on a similar upward trajectory.
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Major mining companies are writing checks again; new mineral belts are being discovered.
Hercules in Idaho has attracted the attention of Barrick Gold.
In Peru, Hannan Metals has attracted the attention of Teck, among others (as well as mine!).
Patriot Battery Metals has ignited a new critical metals rush in the James Bay region of Quebec, Canada, that’ll have positive economic implications for decades.
Uranium exploration is, once again, seeing meaningful dollars allocated to it.
This new commodity supercycle is going to make a lot of people a lot of money. I’m positioning for it by looking for companies with technical expertise; projects with potential for scale and for multiple discoveries; and management teams who value shareholder dollars.
Even in a commodity supercycle, these companies will be the exception. We’re going to get a thousand new copper, uranium, and gold companies adding to an already bloated exchange full of firms hoping to cash in on speculators who realize we’ve now moved into a favorable macro environment.
The select few companies that do the work, make the discoveries, and protect share structures will flourish and make us a fortune.
Knowing the difference will dictate how much money we make. Choose wisely.
Let’s get it!
Gerardo Del Real
Editor, Daily Profit Cycle