Today we’re going to talk about a commodity whose history goes back literally thousands of years. In the Bronze Age, in fact, it was THE most important mineral in the world.
Even in our modern age, this essential resource continues to be critical to new technologies, especially the booming industry of artificial intelligence microprocessors… not to mention smart phones and electronics in general.
Without this mineral, there would be no iPhones. No computers. And no Internet.
Back in the 20th century, governments around the world stockpiled it. And eventually the stockpiles became so vast, that everyone stopped worrying about its supply.
Well, today is a different story. Those stockpiles have been drawn down, and this essential resource could become a LOT more prominent. And expensive.
That also means the companies which produce this key mineral could become even more successful.
Today we present our research on one such company. It’s already fairly inexpensive from a valuation perspective… but the company is on the cusp of significantly increasing production.
Based on this, we estimate that its shares are selling for just 6-7x Free Cash Flow. It has a very healthy balance sheet. It has one of the highest grade mines in the world. And it pays a roughly 7% dividend.
Can you guess the commodity…? I was first produced over 5000 years ago in modern day Turkey. I was integral to the advent of the Bronze Age. Part of the reason the Roman Empire invaded Great Britain was to control my supply. The barons that controlled my major mines in Bolivia in the first half…
