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obie's avatar

great industry and business pick, but i'm surprised that you don't even mention any valuation metrics. i liked SII more last year and now am wondering if it's close to full value at 31x next year PE?

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Be Water's avatar

Our objective was to elucidate the Multiflation Method and Archetypes--we don't make stock recommendations or discuss timing etc. That said, if you re-run the numbers and EV/EBITDA given recent inflows and underlying price appreciation the multiples look different, and are also worth comparing to RoyaltyCo multiples. Will depend how much of incremental profit is actually passed through to shareholders, however.

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Hugh's avatar

Hmm, very interesting, I'm about 50/50 Precious Metals, miners and streamers and BTC. Would some Sprott de risk me a bit I wonder.

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Ilkin Hasanzade's avatar

Thanks, great article. Definitely would like to read more about Sprott Inc.

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Synchro's avatar

Very interesting. I like the systematic evaluation approach.

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Yaron Keren's avatar

Thanks for sharing such a clear and illuminating example.

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