Category: Research – Brandon
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Mineros S.A. (MSA.V): Capital Returns in Mining Done Right
Last week, we introduced our mini-series on junior mining stocks … and how we’ve picked massive winners that have outperformed their benchmarks and underlying commodity prices. As I mentioned, nobody cared about these ideas when I shared them … nobody outside our Macro Ops Collective community. No matter who I pitched them to, the ideas…
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Notes From Call with FEX Chairman John Welborn
On Wednesday night, I had a call with John Welborn, Chairman of Fenix Resources (FEX). FEX is our iron ore producer, expanding production from 1.3Mt/year to 4Mt/year+. It also boasts a growing logistics business and port infrastructure assets worth more than the current market cap (excluding its net cash position). You can read our deep…
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Andean Precious Metals (APM.V): Hunting For Value in Bolivia
Junior mining stocks are starting to break out. It’s about time for silver and gold prices to hit new relative and all-time highs, respectively. Soon, you’ll hear mining stocks pitched on CNCB. Of course, that’s when the trade will have run its course, the easy money already made, and the “smart” investors out with their…
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Sylvania Platinum (SLP.L): For The Love of Hate
I like finding stocks that have multiple layers of hate. Where the more you analyze it, the more you hate it, and the more likely you are to unfollow me out of principle. I think Sylvania Platinum (SLP.L) is that stock. It has myriad layers of hate. It’s a South African mining company. Not only…
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GEN Restaurant (GENK) – Kura Sushi 2.0
Back in the heat of COVID, I pitched Kura Sushi (KRUS) to our Collective members. The stock traded around $14/share then, and everyone hated the idea. “Why would you invest in a restaurant during COVID? What are you, some idiot?” Today, KRUS is a $120/share stock. That trade worked well for us. But I think…
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Some Thoughts on Gold & Idaho Strategic Resources (IDR)
I started getting very bullish on gold in November 2023. I pitched my gold predictions and favorite gold producer, Idaho Strategic (IDR), for our Collective members. You can read the time-stamped report here. Since then: • Gold has increased by ~$200/oz • Idaho Strategic $IDR is up ~34% Check out the link here if you’re…
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Thoughts On Hedging Uranium Exposure
Hedging uranium was a thought experiment that I’ve been wrestling with for months. While I’m very bullish the long-term fundamentals, I can’t help but see the short-term overbought hysteria that’s all over Twitter/X. Uranium guys doing victory laps, people shouting for $200-$300/lb spot prices. Cramer talking about it on CNBC. It got me worried. So…
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The Tin Catalyst We’ve Been Waiting For
Prabowo Subianto will most likely win the Presidential election in Indonesia. He will take over after a ten-year run by highly popular president Joko Widodo (80% approval rating). Why does this matter? The guy who Joko endorsed just won with Jokowi’s son as VP. One of Joko’s last requests as president was a critical minerals export ban. Now…
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An Industry Primer on Tungsten
80-20 Industry Primer: Tungsten A Pareto Approach to Industry Analysis … Tungsten is the smallest, most opaque commodity market we’ve covered in our 80-20 Industry Primer series. Global supply is ~106,000 tons, with recent spot prices around $305 to $325/mtu. Nobody’s pitching tungsten on Twitter or Seeking Alpha. Almost every tungsten mining company profiled over…
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An Industry Primer on Tin
A Pareto Approach to Industry Analysis … Tin is one of the world’s smallest, most obscure commodity markets at $9B in total value. Because of its small size, it remains off the radar to most traders, investors, and institutions. Almost all of the things we love about uranium are present in tin. In fact, we…