Perpetua: Strong Governmental And Market Support Indicate Considerable Future Upside

Daniel Bell 262 Followers Follow Summary Perpetua Resources is buoyed by strong financial and political tailwinds as a result of its double gold antimony basket. The EXIM funding proposal has now been approved unanimously by the EXIM board, giving the company enough funding to build its Stibnite Gold Mine on favorable funding terms. The investment profile relies on the accuracy of gold price forecasts and assumes continued political support for critical mineral security, and failure of either are key points of potential vulnerability. The current environment provides a highly favorable entry point, though a lower-risk, lower reward entry point may be upcoming after EXIM funding becomes officially available. Bilanol/iStock via Getty Images When I see an upcoming gold miner like Perpetua Resources Corp. ( PPTA ), I am generally intrigued by the company, especially given current market conditions, and evaluate it by its plans, assets, financial state, and so on. To a very large This article was written by Daniel Bell 262 Followers Follow Hello, my name is Daniel Bell, and I have been investing my personal accounts since college. I remember my first big "play"; it was with only $2,000, but this was right after the COVID lockdown hit and the market tanked. I used the Robinhood account I had to search out companies according to three parameters that I thought made sense: 1. Had the largest dips after lockdown, 2. Were growing beforehand, and 3. Had high caps. This way, I was able to find several well-run companies that had been very highly affected by the lockdown, but were unlikely to go completely bust before recovering. I was able to make about $1,000, or 50%, in just about 6 months. This is what really got me into value investing. Ever since, I have been an active investor. I have lived in Texas for nearly five years now, and in my personal financial life, I have begun looking into opportunities in medium-scale investing in Central African countries, chiefly Rwanda, but also Burundi, Kenya, the DRC, etc. Aside from this, I am excited to contribute to the Seeking Alpha community! Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.