Heads up... SolGold just broke a 4-year descending triangle...Got in at 10.5p while everyone's chasing AI nonsense. Now sitting at 15.7p and this is just the warm-up.
My friend Sean Tufford put me onto the LSE:SOLG SolGold telegram and here's what hit me - we need 80+ new major copper mines by 2030 just to electrify the world. Takes 20 years to build one.
The math is broken. Copper is the new oil.
The Setup That's Printing
Position: Loaded at 10.5p
First Target: 34p
Franco Nevada and Osisko just wired $750M for streaming rights. That's not a bet, that's conviction.
Why This Goes Parabolic:
Cascabel isn't some exploration play. It's one of the largest copper-gold deposits on the planet that's not owned by a major. Yet.
540Mt reserves. First quartile costs. 28-year mine life that could triple.
Trading at 0.11x NAV while peers sit at 0.30x. The market's asleep.
Jiangxi Copper took a 12% stake at 45% premium. BHP owns 10%. Newmont owns 10%.
Three majors circling like sharks.
The Trade:
The 4-year triangle break is your signal. The institutional money flooding in is your confirmation.
From 10.5p to 34p = 224% minimum. That's just getting back to the old highs before the real move starts.
Once the market wakes up to what $5 copper means for a first-quartile producer, this rips to 50p+.
Stay long. Outguess the crowd.
The descending triangle was the accumulation. Now we ride the impulse wave.
