WATCHING THIS ONE… TMC has great potential!!

2023年2月2日

People are up in arms after photos broke yesterday, showing the terrible conditions of a cobalt mine in the Congo. Of course, the irony here is that a lot of cobalt, along with many other materials powering the green revolution, are often sourced from places like the Congo with little regard for environmental or labor law.

The reason I'm telling you this is that while all this was going on, a report came out of Norway. They went largely ignored by the media in which they announced they found a substantial amount of rare earth minerals on their seabed, many of which are currently being sourced from places like the Cobalt mine and the Congo I mentioned earlier.

And here's the catch. They estimated to have found 3.1 million tons of cobalt alone. So how much is that? Let's do some quick math. The current market rate of cobalt is about $21 a pound. $21 a pound equals about $42,000 a ton. Multiply that by 3.1 million tons. That cobalt is worth 1.3 trillion, give or take, or three times Norway's total GDP.

Now, of course, if Norway were to extract all that cobalt, it would be worth far less than 1.3 trillion because they'd flood the market with it. But nevertheless, when you consider all the other materials they found and how much of it, it's difficult to ignore the deep sea mining opportunity laying under the sea.

Now, here's where I ran into some issues. There's only a few deep sea mining stocks and none of them have been able to commercialize yet, so they're all bleeding money. I was about to give up. Then I came across as CEO of a deep sea mining company with a ticker TMC that has been buying shares of his own company recently.

This intrigued me, so I started researching them more and that's when I noticed that TMC second and third biggest shareholders are Maersk and Allseas Group. If you don't know, the reason that this is such a big deal is because Maersk is the largest container shipping company in the world by tonnage, and AllSeas is a major offshore construction company.

The fact they both have major share positions in TMC, a company that has almost zero ceiling as far as economic and environmental benefits, along with the CEO buying shares all while the company is down 90% from its IPO. Makes me wonder if there's more than meet’s the eye. This might be more of a lottery ticket than an investment, but what do you guys think?


To see what stocks, politicians, hedge funds, and CEOs are buying. Check out Quiver Quantitative

https://www.quiverquant.com/