Cycle Bottom rule of thumbs:
A) Do we have multiple asymmetric trades across this new theme?
B) Can we assess the catalysts for the bottoming process over the next 3 to 9 months?
C) Are the bottoming valuations supportive of 10x returns over the next 60 months?
#goldstocks
A) Do we have multiple asymmetric trades across this new theme?
B) Can we assess the catalysts for the bottoming process over the next 3 to 9 months?
C) Are the bottoming valuations supportive of 10x returns over the next 60 months?
#goldstocks
The sort of 20 year plus #goldstock graph that excites us, all positive expectations beaten out and a return to 15-20 year lows, down 90-95%, peaks correlating to #gold sector peaks. This becomes interesting 🤔 in the next 20-30% downside. 
Couple this with fundamentals of material ozs in the ground, in accessible locations, a reasonable cash stack. Bonus' are a great low capex NPV with high IRR.
#goldstocks the round trip is incoming, a 15-20 year bottoming is not far out on the horizon.
#gold
#goldstocks the round trip is incoming, a 15-20 year bottoming is not far out on the horizon.
#gold
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