Nick Hodge,
Publisher
Feb. 25, 2025
Eight years ago I was on a gold mine site tour in Idaho.
During the visit, I made quick friends with one of the directors of the company — a gentleman with decades of experience in Canadian capital markets who’d taken over 100 companies public.
He was definite mentor material. He was generous with his knowledge, and I was eager to learn.
We traded ideas. And he told me to keep my eye on a company called Rupert Resources (TSX: RUP)(OTC: RUPRF).
I did.
I learned about the company and its promising gold project in Finland. It traded between C$0.50 and $1.00 for the next couple of years, because its upside was limited by a large number of convertible debentures priced at C$0.95 from a previous financing.
In the summer of 2019, Rupert moved to clean up that overhang, lowering the conversion price. It worked as expected, with over 90% of the debentures being converted.
At the same time, it announced a new equity financing at C$0.85.
It was time to stop watching and start acting.
Two years had passed, but I emailed my friend from the Idaho site tour. He said he would be glad to put me in touch with Rupert management.
We met, and I secured an allocation of the equity financing for myself and a small group of investors who participate in deals with me.
A year later, Rupert’s shares had doubled to C$1.70. And by October 2020, they were trading over C$6.00.
I and those who followed me had made 7X our money in a year. We took some profits off the table.
Laplanding It Up
Jurisdictional popularity comes and goes.
Argentina is hot right now. El Salvador is opening up.
But you don’t hear too much about Finland, though it routinely makes the Top Ten in the annual Fraser Institute ranking of jurisdictions on the Investment Attractiveness Index.
Rupert’s project, called Ikkari, is often cited as one of the top undeveloped gold projects in the world.
Right down the road is Boliden’s Kevitsa mine, which produces nickel, copper, and PGEs for the $20 billion Swedish mining company and is a major employer in the region.
Less than 100 kilometers from that is Agnico Eagle’s (NYSE: AEM) Kittila mine. It produces over 200,000 ounces of gold per year for what is soon to be the world’s second largest gold mining company.
Anglo American is permitting the nearby Sakatti project.
All these projects are in the Central Lapland Greenstone Belt (CLGB), which is similar to other greenstone belts — like Abitibi and Flin Flon — but remains significantly underexplored.
Finland is heating up.
The Finnishing Touches
I am putting the finishing touches on a new recommendation for Private Placement Intel.
This is #2 of three deals Gerardo and I outlined in our recent private placement webinar. We are guaranteeing one of them will double in the next year.
The Finnish company we’ll be financing is private now, but will be IPO-ing in the next quarter.
We are participating in the IPO round.
It’s being done at a C$14 million valuation.
That is tiny.
Rupert, by comparison, is now a billion-dollar company.
I will have the write-up out by tomorrow morning.
If you want to participate, please check out the webinar for details.
Or call Jimmy in Member Services at 844-334-4700 to get all your questions answered and get set up so you can participate alongside us.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle