Pinned valuation:
Valuation deleted
First post ever! Wish me luck.
I love your assessment @Bear77. I got in on some LYL in real life recently. Was not able to in Strawman (Monday's job) as I did not understand the end of day pricing requirement (was trying too hard to match my real life portfolio).
What I love most is that they are involved in a lot of Copper projects which without diving into each one individually, is a good sign. BHP recently backed up the idea that the future of mining is in metals such as Copper.
Welcome aboard the Lycopodium train ride @navrock1 - it's been a good one for me thus far, and I reckon it's only going to get better. Good podcast on copper here if you're interested:
Is There Really A Copper “Shortage”? [MoM ("Money of Mine") podcast, Friday 30-Aug-2024]
Chapters:
CHAPTERS
0:00:00 Introduction
0:02:56 Copper contrarian take
0:06:23 Development timelines
0:09:40 Risky jurisdictions
0:16:23 Different deposit styles
0:19:10 Exploration strategies of major miners
0:22:45 Differences between porphyry's and the others
0:26:38 Copper price forecasting
0:40:11 BHP in South Australia
0:43:22 Sandfire in Spain, Africa
0:51:10 Mongolia
0:57:00 Aggregator model
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DISCLAIMER
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
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Not sure about copper myself - however there always bulls about for every metal - they just can't ALL be right all of the time. Copper is always going to be in demand, but I don't fully understand the supply side dynamics yet - as in how much extra can existing large scale copper projects bring online to satisfy that increasing demand in future years - that's one of the topics discussed in that podcast episode.
However, in terms of Lycopodium, it's certainly positive that they have diversified away from just Gold now - and are involved in a variety of metals as well as manufacturing outside of mining, plus rail, all sorts of stuff now. Most people have never heard of them, and many of those that have think of them as that company that builds gold plants in West Africa and other high risk locations, but there is a lot more to the story than that.
Moved in here with a few funds from CU6 and MP1
Hopefully the weighing machine starts working properly.
Good to hear you're onboard @edgescape - it won't always be smooth, but it will always be worth it!
[past performance can not be relied on as an accurate indicator of future performance]
[but it's our form guide, and we have the added advantage of being able to change horses mid-race if we want to]
I've almost reached that 20% weighting here on SM for LYL. I'll keep chipping away until I get there.
By the way @edgescape - I'm not always a fan of weighing machines...
