Research Summary
The report discusses the potential for gold prices to rise over the next 12-18 months, and the potential of Idaho Strategic Resource (IDR), a gold mining company. It also explores the company’s Rare Earth Element (REE) package and its undervalued workforce.
Key Takeaways
Gold’s Potential Rise
- Gold’s Price Action: The report notes that gold has risen from $1,650 to $2,060 without much attention. It suggests that there is a lot of money to be made from high relative strength price action combined with total investor apathy, which gold currently fits.
- Gold’s Future Prospects: The report suggests that gold prices could rise over the next 12-18 months, based on sentiment, positioning, and technical analysis. It also notes that gold is still around one standard deviation above its 200D moving average, indicating room for growth.
Idaho Strategic Resource’s Potential
- IDR’s Gold Production: The report highlights IDR as a profitable, founder-led gold mining company based in mining-friendly Idaho. It suggests that IDR’s gold production business could be undervalued, especially if gold prices hit their measured move target of $2,362/oz.
- IDR’s Rare Earth Element (REE) Package: The report discusses the potential value of IDR’s REE package, suggesting that it could be a significant asset for the company. It also notes that IDR’s exploration costs for REEs are included in its gold production AISCs.
- IDR’s Workforce: The report suggests that IDR’s workforce is a hidden asset, and that it is significantly undervalued compared to its peers. It notes that the mining industry is approaching a labor crisis, which could increase the value of IDR’s young, talented, and multi-generational workforce.
Actionable Insights
- Monitor Gold’s Price Action: Given the report’s analysis, it may be beneficial to keep a close eye on gold’s price action over the next 12-18 months. This could provide insights into potential market trends and investment opportunities.
- Research IDR’s Potential: The report suggests that IDR could be undervalued, making it a potential area of interest for investors. It may be beneficial to research IDR’s gold production business, REE package, and workforce to gain a better understanding of the company’s potential.
- Consider the Impact of the Mining Labor Crisis: The report notes that the mining industry is approaching a labor crisis, which could increase the value of companies with young, talented, and multi-generational workforces like IDR. It may be beneficial to consider the potential impact of this crisis on the mining industry and individual companies.
