Peer comparison, page-23

Nice, i think copper is the place to be and agree with you @Jeffro1990 that lithium has gone to high for my liking. I only hold one lithium company now that i think will do well and is undervalued.

A little bit off topic but im adding to positions of gold explorers lately. I think gold has broken its resistance and although im not in gold producers i feel its still a good hedge if they have minimum downside risk.

For me personally, a developers case has to be really strong to warrant getting involved, CYM has a very good case with existing infrastructure. So companies with existing mining equipment get a big tick from me. As well as proactive management.

The reason why i think this way...

Long lead items are taking forever to acquire atm.

The shipping rates have risen sharply this year. Although if you follow the Baltic Dry Index you'll see it has pulled back significantly which bodes well.

Structural steel is hard to come by as well as a big shortage of aluminum.

the price of diesel for the mining fleet and haulage is on the up with inflation.

Some companies involved in developing are going to see initial capex and opex costs blown out the water.

Rings true for studies previously conducted only one year ago.

if you look at E25 with a long trip to port. Although only early days. Their first couple of shipments were meant to be profitable instead it is now losing approx 5m a quarter. Shipping ate them apart. i expect this to improve but shows some challenges.

LTR, dont hold, but their study was in 2020 and now has seen capex blow out by 45%. I think there will be many ithers that follow suit. Some are offset by higher commodity prices or expanding the resource but i remain a little wary of most developers atm. Just a thought but i stil see your strategy as a good one if taking this into consideration