Nick Hodge,
Publisher
Sept. 4, 2024
Many mining stocks are getting pounded even as metals prices move higher.
Gold is at an all-time high…
Silver is near $30 for the first time since 2021.
And in 2024 copper hit $5.00 for the first time ever.
It’s truly a metals bull market.
Yet countless mining stocks are dropping lower instead of moving higher.
How could this be?
Since 2008, as much as $8 in every $10 invested in the TSXV, which is the venture portion of the Toronto stock exchange that’s overwhelmingly dominated by mining stocks, has been lost. Sent to “money heaven…”
Here’s the truth most mining insiders are too afraid to say out loud…
Mining is the toughest business in the world. It’s often a total losing proposition.
Mining’s Shocking Secret: $8 in $10 Being Lost
Mining’s Toughest Secret: $8 of every $10 invested in mining has been disappearing.
Why?
Site disasters, government crackdowns, and outright fraud.
But a 20-cent tech stock could be the game-changer. It’s poised to restore those lost dollars and then some.
Click here to learn more.
Even in the gold rushes of old, most people didn’t find anything and wound up broke or dead.
If they did find something, mines regularly caught on fire and cables broke, leading to mass casualty incidents.
That was true 200 years ago. And we still face similar problems today.
In 2024, SSR Mining, a $5 billion global mining company, saw one of its mines collapse.
It's a good company run by decent people, but the mine essentially fell off the side of a mountain, and 8 people disappeared forever.
Its stock dropped from $10 to $4 in a single day, over half of its value wiped away in seconds.
And there have been other similar incidents this year.
Mining is a tough business. It’s not an industry for the faint of heart.
Panama just stole a $10 billion mine from First Quantum, leading shares to crash by 75%…
Even governments are against miners at times…
The Biden Administration recently blocked a giant copper and critical metal mine in Alaska being operated by Trilogy Metals.
It wiped away thousands of good-paying jobs and millions of dollars instantly, and the stock has lost 85% of its value over the past few years.
There’s no other industry like mining that can set 8 of every 10 dollars on fire.
But site disasters and government delays and bans are only the start of the problems.
Miners are constantly diminishing their own product. Every dump truck taken out lowers a mine’s worth, because there’s less resources to sell.
So mining companies always have to find more to stay ahead of depleting assets, and that’s assuming someone strikes pay dirt in the first place…
Out of every 1,000 targeted properties, only one makes a significant discovery…
And just one in 3,300 becomes a world-class deposit…
The chances of finding a mineral body that’s economic, can be permitted, and put into production is miniscule…Like winning the lottery.
Mining is a tough business.
Due to the lengthy discovery and permitting processes, the inability to see underground, and the use of old fashioned 'paper and pencil' recording methods, it attracts con artists.
Not long ago, Wall Street called a new mine “the gold discovery of the century.”
The geologist behind it claimed there were 200 million ounces of gold… Bankers loved it, top gold producers fought to get a piece of it…
Shares soared from 30-cents to $286…
But it was all a total fraud… The award-winning geologist placed gold shavings from a ring into drill samples… and shares of Bre-X went to zero. Matthew McConaughey even made a movie about it.
Unfortunately, this isn’t rare… scams and swindles happen all the time in the mining industry.
In just the past few years alone we’ve seen headlines for $36 million worth of copper that was really painted rocks…
A $185 million copper scam that involved manipulating delivery details…
And a half-a-billion-dollar nickel fraud that almost took down an entire exchange.
Mining’s shadiness is another reason it’s the toughest business in the world.
The CEO of a gold miner called Red Pine Exploration recently got exposed for cooking up bogus drill results. Shares of that company, above $2.00 a few years ago, are now trading for pennies.
And yet, despite all the challenges just to get a profitable mine up and running, the entire world is utterly dependent on mining…
It’s why you and I invest and speculate.
Mining still offers the potential for life-changing wealth creation in the face of long odds…
Think about smartphones… which need copper, tantalum, gallium, and more…
Modern energy like nuclear needs uranium and solar needs silver, cadmium, and steel…
3 Uranium Stocks To Power
Your Portfolio For Years (100,000%+ Gains)
It’s clear that right now is the time to add carefully selected uranium stocks to your portfolio during this nuclear melt-up.
Uranium stocks have the potential to generate massive fortunes for investors in a short period of time. Gains like:
Laramide Resources – 30,800%
International Enexco – 114,300%
Paladin Energy – 130,400%
Those last two could have allowed you to become a one-stock millionaire with just a $1,000 investment.
This market phenomenon has only happened twice before, and the current melt-up could be larger than both of them.
Go here for the full story and the top 3 Uranium stocks for your portfolio.
Batteries need lithium, manganese, and cobalt…
Motors and gears need rare earths…
All of these resources have to be mined or the world would grind to a halt.
Mining is one of the most difficult businesses ever…
It’s old, outdated, and dirty…
And that’s precisely what’s creating a colossal opportunity that I and many others are already profiting from.
My new video on the situation is out now. Check it out here.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle