Pops

Whiskey drinker. Metals and mining investor. Skeptic, optimist.

[Pops @pop_whiskey]

@Mark_IKN Jeez, man it'll come! Everyone was at the cottage in Jul/Aug, and now they're all going to socialize at Beaver Creek. Look for deals 6-12 weeks later.

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@nuggetman2026 @Mark_IKN Stretch it back to 2000!

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@Mark_IKN Who says I'm a commie? :)

M&A will happen, at single asset and mid-tier producers before pre-prod jrs. Those cash piles are getting big and eventually those become a liability for a mgmt team that needs to use it to grow or the investors will replace them with someone who will.

[Pops @pop_whiskey]

@Mark_IKN @DavidFi_ Hah, bang on. Bad deals are bad deals, and they usually mark the top of the cycle.

Lumwana, Tasiast were late days.

And asking for junior M&A (beyond a couple of one asset companies getting together) is like asking junior CEOs/boards to be self aware. Good luck!

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@NewWealthMiner @that_grey_beard Wrong spirit animal, though clearly your AI is tuned to assume you want nothing but Chinchillas.

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@NewWealthMiner @that_grey_beard Options on MOS are fun. If you're gonna wallow, you may as well do it TO THE EXTREME.

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@Mark_IKN Whoops, back to reading comprehension school for me.

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@michaelbhorner So is gold.

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@agnostoxxx Mate, thank you for calling out the absurdity in an appropriately absurd tone. Love it.

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@Mark_IKN

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@Mark_IKN Issue is that it's very First Nation specific... it's like painting Latin America with one brush and saying permitting in latam is a problem. BC FNs are very diverse, just like latam countries, provinces, municipalities are.

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@SultanAmeerali Generally playability is fixed and hasn't moved much. TC/RC have moved a lot, and yes selling into China at negative values is huge. Bottom line is global smelting is overbuilt compared to supply, so shit cons have a home at attractive terms.

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@SultanAmeerali Besides, is Black Pine really getting bought? Always thought they'd be forced to build it since M&A for development assets hasn't really been a big feature of this cycle.

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@SultanAmeerali 10000%. Unpermitted dev assets don't get bought, yet at least. US permitting is so sensitive that disrupting any of the relationships with the agency often isn't worth it.

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@Mark_IKN ,

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@BlackAlex58 @jmillette77 If the buyer universe knows the company is going to hit a wall before the asset is operating, the bids are going to suck.

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@FjordPhil The other major challenge is that this is a Cu/Mo mine. Copper producers who are not in the moly business have no insight or conviction into moly fundamentals. That's a heavy lift to get past.

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@FjordPhil Challenge remains that majors remain afraid to be building projects. If that changes, SURG will go fast.