Nick Hodge,
Publisher
Jan. 7, 2025
For all of 2024, we pounded the table on a tiny gold stock about to get government approval.
The thesis was simple.
John Paulson, who made billions betting against housing in 2008, had been buying up shares of the company, called Perpetua Resources.
The deposit contains millions of ounces of gold and silver in Idaho.
It also contains millions of pounds of antimony, a critical mineral that the US military desperately needs. But the US doesn’t produce any antimony. It instead foolishly relies on China.
Our bet was that the need for antimony would force the government’s hand to permit the mine. And that rising gold prices at the same time would further boost our returns.
Indeed, this is exactly what happened.
Starting in early 2024, when shares of Perpetua Resources (NASDAQ: PPTA)(TSX: PPTA) were trading for $3.00, here’s a timeline of what transpired:
- In February 2024, the company was awarded up to $34.6-million in funding under the existing technology investment agreement through Title III of the Defense Production Act.
- In April 2024, the Export-Import Bank of the United States offered to help finance the mine with up to $1.8-billion through the "Make More in America" and "China and Transformational Exports Program" initiatives.
- In September 2024, the mine was conditionally approved.
- In January 2025, the mine was fully approved by the US Forest Service.
Here is what shares did over that time:
Shares are up 325% over the past year, having climbed from $3.00 per share to over $12.00.
The profits and the praise are rolling in. Member Simoken told me on Twitter:
I'm very happy with my return. Thanks again for your excellent research.
I am happy with my return as well, but I can’t take any credit.
It was Gerardo’s research that delivered this big win to our portfolios.
If you missed out or didn't take our word for it, don’t worry.
His next big stock pick is here.
It currently trades below $1.00. And Gerardo thinks it could trade close to $8.00 after just a few drill holes.
That will happen this spring. So the time to get positioned is right now.
This could become the biggest gold-copper discovery in the history of the world.
And, as we do, we’re putting our money where our mouth is.
See what has him so excited in this short video.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle