RE:Portfolio changes OT is so undervalued. The two principal authors of uncertainty and a discounted valuation are the two biggest equity holders and the most likely to combine and buy out the TRQ minority and ETG.
Copper and gold charts look strong and OT is a top of the heap mine by projected economics. The world seems to want more copper than it can produce currently, and building systematic financial risks of central bank and government ballooning balance sheets and inflating asset values generally favours good mines being revalued upwards, strategic copper/gold reserves valued upwards, gold revalued upwards ... what's not to like?
The world can be irrational about valuation for a long time but never forever. ETG is a plum ripe for fairer pricing and picking. And fairer is a lot more than 2x or 3x where we are at. It can happen, it should happen ... the $500 million or so up valuation is the big question mark. HNE is bigger than currently delineated. Lift 2 is massive. Heruga is massive. Shivee West and the JV ground is a self-contained massive camp play land package with great promise. Thus IS elephant country.
Be right, sit tight, hope the fates allow us fair markets and a big revaluation and everybody will be all smiles.
I have for me, a truckload. Ridiculously overallocated. We'll see.
Do I end up with hot dogs and beer or caviar and champagne? Odds look a lot like up is more likely than down.
cg