Thread by @wmiddelkoop

Worked (on average) 12 hours a day the last 10 years. People called me crazy. But had a goal in mind. Grow our fund to EUR 100mln. In March we were just 30 .. now we’ve reached 85 mln. Almost there. Then I can retire and start working 40 hours a week. Probably till I die 😄🤓

Started the fund with the help of two partners in 2008. They loved the bull (2009/2011) but couldn’t fight the bear long enough (2011/2019).

All of our staff was hired in 2011. They learned Mining stocks go down always. (Exeption: 6 months in 2016) Now they are 😳

Even in the long bear market we showed discoveries will always be bought out. Reached 63 takeovers in our portfolio, since 2008. But dilution and low valuations lowered profit and yields. ( warrants valued down to zero). In a bull market they all start to rocket higher.

Eric Sprott is like my rich uncle. Made a billion in the 2000-2008 bull market. Now retired, but still working hard to find the Next Big Thing. Always listen to his ‘weekly wrap up’ interview done by @TFMetals - you can hear his passion and excitement 😄sprottmoney.com/Blog/after-an-…

Not many really understood our strategy. Since 2005 I travelled around the world looking for the best and cheapest ounces, buried safely in the ground. Waiting for the day a reset/Revaluation would make them much more valuable. That day has arrived now.

Gold above the ground is valued over $2000 and silver over $25. We accumulated ounces (in the ground) valued as low as $5 or 1ct. These now can jump towards $100 and $1. The first 100% from the bottom has been made. Many more to follow imho ..

The Power of Discoveries: worthless piece of ground turns into billion dollar, within 2 years.

Investing in the most succesful exploration companies drilling wirldwide is our strategy. First years we focused on Canadian listed companies. Now our best discoveries are down under