Nick Hodge,
Publisher
Sept. 17, 2024
China said last month that it would curb exports of antimony.
That might not mean anything to you.
But it should.
Antimony is one of those weird metals that doesn’t get any attention until there isn’t enough of it.
The world has mostly outsourced the production of antimony and other critical minerals to China. Or Russia.
In the case of antimony, we need it for use in military equipment like infrared missiles, nuclear weapons and night vision goggles, and as a hardening agent for bullets and tanks.
And China isn’t just the world’s largest producer of antimony, it’s also the largest processor of the metal.
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There is currently no US production. None has been mined here in over two decades.
That’s a problem not just for the US military and its trillion-dollar budget, but also for the billionaires investing in the energy transition.
A couple of US billionaires, including Bill Gates, have backed a startup that’s working on an antimony-based, low-cost liquid metal battery for the stationary, long-duration, daily cycling energy storage market.
So the Chinese announcing an export ban is kind of a big deal.
Where else does antimony come from?
When China announced the export controls last month the big news outlets did articles with all the cursory information. Reuters told us that the restrictions not only apply to antimony ore ingots and oxide, but also to “gold-antimony smelting and separation technology.”
And that’s because antimony can also be found as “a byproduct of gold mining.”
We have been telling you about this gold mine being backed by a billionaire that was about to get approval.
The reason we know it’s going to get approved is because it will also become America’s only supply of antimony. The Department of Defense has even given this company millions of dollars to fast-track production.
What’s more, one of the billionaires that is backing the antimony battery is also backing the gold mine.
This is no coincidence.
These guys planned this out years in advance.
And now the time is here.
This gold mine received preliminary approval this month. And full approval will come by the end of the year.
That is just a formality at this point, which is why shares have risen from $4 when we first started telling you about it to over $12 today.
Shares have tripled since March as this approval draws near.
And they still have much higher to climb as you can see here.
One analyst just issued a “buy” rating with a price target 60% higher because it is trading at an enterprise value to total resource value that is “
below what we believe are relevant peers on both a takeout potential basis and a development company basis.”
So analysts are already talking about a buyout. And that would be much easier with the permit in hand.
Simply put, all the bankable studies have already been done on this gold mine that will also become the country’s only source of antimony. At $2,350 gold, the mine has a net present value of $2.9 billion.
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That is still five times higher than its current market cap.
And that’s after already tripling so far this year.
We’ve laid this all out for you here, calling for much higher prices.
It goes into more detail on antimony, why the US and billionaires need more of it, and why the company about to build this new gold-antimony mine could trade more than twelve times higher as a result.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle