Correlation Economics
@GoldForecast
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Inventor of the #GoldForecasterIndex Inventor of Sung's Method for Gold Mining Valuations https://t.co/La8pmHOEEm https://t.co/ky0XQxxNXt
Joined June 2021
Chart looks simple, but it is complex as it includes: .- market cap .- debt .- gold price .- mine life .- interest .- tax .- cost .- production .- CAPEX .- discount rate .- depreciation .- ownership .- royalties .- payability . showing: .- leverage (slope) .- upside
Chart looks simple, but it is very complex as it incorporates: .- market cap .- debt .- gold price .- mine life .- interest .- tax .- cost .- production .- CAPEX .- discount rate .- depreciation .- ownership .- royalties.- payability. and shows:.- leverage (slope).- upside. $GDX
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I love this chart, something is stirring over there.
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You need to stop looking at the CME copper price. The LME copper price is 4.27 $/lb and inventories are rising again.
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RT @GoldForecast: This was an old slide from Sung's method for gold mining valuations and you can see that $Soma.v gold was a 10 bagger the….
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If gold doubles to $6000, GG will go up 1000% = 10 bagger.
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A 1% allocation from U.S. pension funds ($9 trillion) could be substantial given that gold physical ETFs are at $150 billion. A 0.5% reallocation of foreign-held U.S. assets to gold leads to $273.6 billion in demand over 4 years, driving gold to $6,000 by 2029, according to JPM.
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TRUMP IS PREPARING TO SIGN AN EXECUTIVE ORDER ALLOWING CRYPTO AND GOLD INVESTMENTS IN U.S. RETIREMENT PLANS LIKE 401(K)S, POSSIBLY AS EARLY AS THIS WEEK, ACCORDING TO THE FT.
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So just hold Soma Gold for 5 years and you will get a 5 bagger. And I'm not even taking into account a rise in the gold price. 😉.
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Let's not forget Jaguar Mining, which will have a steady parabolic rise in upside% as it ramps up their projects (if the market cap stays flat).
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For Golconda Gold, the upside% will start to rise fast in 2028. That's when the Summit Mine goes in full production and the CAPEX and contingent payments are paid off. It's funny. I think this is why stocks only move when things actually go to production, i.e. cashflowing.
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The following chart is an upside% vs. time chart. If the market cap of Soma Gold doesn't go up. Then every year, the upside goes higher and higher. (because their balance sheet improves). The upside% will start to soar from 2027 onwards.
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What I like about $GG.V is that it has 10X leverage to gold. If gold rises just 20% to $4000, Golconda Gold will rise 200% (instant 3 bagger).
$GG.V - GOLCONDA GOLD (TSXV: GG | OTC: GGGOF).I invested in a great new Junior Gold Producer — Golconda Gold. I see a X4 to X18 potential over the next couple of years. It is an unhedged Junior Gold Producer & Explorer. Already profitable now with growth requiring no dilution,.
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