TMC - TMC the metals: A Speculative Buy Where Patience Could Benefit The Brave
2024-06-14 03:41:36 ET
Summary
- TMC is a deep-sea minerals exploration company that could become a viable player in battery metals over the next years, if regulation permits.
- The political climate appears to moderately appease, and an exploitation permit may be in sight over the next 12–16 months, according to its management.
- While the company still depends on external financing to sustain itself, the commitment of all stakeholders remains strong.
- Any decisive news on when operations can actually commence could unlock value for investors, and I rate TMC a highly risky and speculative buy.
Introduction & Investment Thesis
The Metals Company ( TMC ) is a deep-sea minerals exploration company which aims to mine critical battery metals from the Clarion Clipperton Zone ((CCZ)). Founded in 2011, it went public via a SPAC in September 2021. Since going public, it has returned -86.7% to investors and trades at $1.41 per share as of June 13 th , 2024....
TMC the metals: A Speculative Buy Where Patience Could Benefit The Brave