Some time ago (link above) I posted on how similar the share price movement of TLG and VUL were as each mining company progressed on its journey starting with an idea and progressing towards being a cash generator.
What I neglected to explain was that although their price chart over time was very similar, there were many others that also followed the same pattern. Enter Pierre Lassonde and his curve.
What Is The Lassonde Curve?The Lassonde Curve is a concept popularized by Pierre Lassonde which illustrates the typical lifecycle of a junior mining company from its inception through to its eventual acquisition. While every project is unique it provides a useful mental model when investing in Junior Mining Companies.
Both TLG and VUL shareholders have suffered the agony of the FEASIBILIY downturn phase as speculators have been exiting the share registry and were bumbling along the bottom of the curve waiting for the pickup of INSTITUTIONAL investment.
With a couple of simple announcements the VUL share price has taken of and into their second boom.
Talga will not be far behind.
TLG Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
(20min delay)