May. 20 at 9:34 PM
$CDE my thesis is two fold. First: gold, silver, and copper have enormous tailwinds over the next 3 years as other countries seek to separate themselves from the U.S. dollar (plus silver/copper have their own tailwinds). Crypto could very well factor into that somehow. America's only options to deal with its massive debt are inflating it away or selective defaults, Japan and the EU aren't any better. I'm not sure what gold will be worth next month, but I'm quite confident it will be materially higher at some point in the next 12 months. Second: CDE is perhaps the most undervalued mature mining company. It has a very low cost basis (when factoring in silver/copper) and its market cap vs. 2026 production estimate is much better than other bigger miners. See images below. Thanks for coming to my TED talk. GLB
