Petmal Investment Thesis
Sprott (NYSE: SII ) is an investment company focused on natural resources, precious metals especially, but the company has also increased its uranium exposure lately. It is a stock I have owned for the better part of the last 5 years, even though I have liquidated my holdings a couple of times when the stock has gotten ahead of itself. I have written many articles about the company on Seeking Alpha in the past .
Figure 1In 2022, the stock price has been slightly more correlated with uranium equities than precious metals miners, even if the two industries have traded relatively closely to each other. After the selloff in Q2 2022, the stock is once again trading at a very attractive level.
Figure 2 Valuation Vs. Royalty & Streaming Companies As an investment company, Sprott is less capital intensive than miners. The company […]
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