There's so much value to be created in the mining industry if certain deals could just be made. Big royalty companies with low cost of capital buying out small or mid sized royalty companies with good assets and good generation programs. JV partners in awkward alliances with cross purpose incentives.
IntroductionI thought I'd ramble awhile about valuing optionality for royalty companies. I've done it three times where we bought something for $2 million worth a billion dollars. -Pierre Lassonde, Co-Founder of Franco NevadaThat is a 500x return, not 500%, 50,000%. Once is a fluke, twice is lucky. Three times,
It's worth talking about why I'm writing this. November 21, 2022 Premium Nickel Resource, in which I have a long position, announced a CAD$7m bridge loan. Premium Nickel Resources Ltd. Announces CAD $7 Million Bridge Loan | Premium Nickel Resources Ltd.Premium Nickel Resources Ltd.The previous day $PNRL.V
IntroductionI'm want to be long cheap electrons. I think First Solar is the cheapest source of cheap electrons. First Solar is a technologically differentiated company with decades of growth ahead of it. It is also the only non-Chinese solar panel manufacturer still standing, which allows it to price its panels
Francis MacDonald of Kenorland recently did a great talk about exploration generally and project generation in particular. I think this video is important enough that I'm going to do a timestamped discussion of it. These are basically just me sharing my personal notes. Before I jump in it's worth saying