Thread by @BambroughKevin

#copper producer $shri.v $shrif has filed its MIC for its AGM dated June 2nd

Name change to:

“Three Valley Copper Corp”

Has been approved by the board and awaits shareholder approval.

Search srhi docs sedar.com

If so inclined. Not much of note in there other than pages and pages explaining stock based compensation plan to be implemented if shareholders approve it.

Along with my $pdn thread on mining cost and the benefit of having past investment in infrastructure. $srhi is valued at probably 15c on the dollar vs it’s historical spend (net of debt)

I don’t invest based on what a minority party might be proposing in any country. I believe logical and fairness will result in $srhi (soon the be three valley #copper ) having a run way to earn back that $300m historical spend as it’s been spent and lost. I think even extreme..

Socialists would agree that investors should at least get the chance to earn their money back before paying a progressive tax. Grandfathering those that have had historical spends will be a given. Imho

This will give $srhi a runway to earn back 6x its current market cap before paying tax. Add it to your copper portfolio and no that if I’m wrong. Chile’s copper industry will be destroyed and the copper price will go to $15/lb and you will make up difference elsewhere

28% of the worlds copper will be effected by any new legislation and I’m pretty sure it’s gonna work out fine for investors. No one wants to risk going down the route of becoming an uninvestible crime ridden disaster like Venezuela.

I was cautioned in 2000 of investing in South Africa. Talk of expropriation and taxation. I bought gold and silver miners then with p/e’s of 5 based on $300/oz gold. 10 baggers every one of them. And I ‘hedged’ by owning higher cost non-mining deposit holders like $vgz

Thought being that if the South African stocks collapsed and production suffered gold prices would go crazy and I’d make enough of my 1st world holdings to make of up for my SA losses.

End of story is I made 10x-20x on both of them and it’s similar to investing in Chilean miners today. Don’t bet the farm but is should be part of your portfolio. There’s a reason why Chile producers 28% of world copper (there’s a lot of copper there!)

$srhi -> “Three Valley Copper” owns an absolutely massive exploration portfolio on top of is producing mining assets. The combination of expanding open pit and underground operations gives added confidence of profitability and stability