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?
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.
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?
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.
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.
Thanks, great article. Definitely would like to read more about Sprott Inc.
Very interesting. I like the systematic evaluation approach.
Thanks for sharing such a clear and illuminating example.