AW1 General Chat, page-1145

I did a bit more research on the Discovery Fund and make note of the following:-

- their exit strategy, as our poster suggested here, is to hold their investments until takeover - they have a great record now of 76 companies they invested in early having been taken over (as at 2022)


they got into DeGrey at 5c and more recently Patriot at 30c!

- they are metal agnostic


- they only invest in what they believe are Tier1/Tier2 companies and this is the average valuations per stage; I personally believe that we are about to enter the "Significant Discovery" stage with our SP being catapulted by the ongoing release of assay results that substantiate the company's belief that this is a true world class African Congo-style massive SEDEX system


Do yourself a favour and listen to Willem's keynote address at the recent CDF Discovery Day 2023 where he covers all of those things, it's a great listen!
Scroll to 11:55 and it goes for about 20 mins ending at 29:55