https://preview.redd.it/kc77p5h5bske1.png?width=862&format=png&auto=webp&s=d6a36b77adce729f0f467dcd164cdbe8191dccfa
It's very simple, I like rocks. When I see rocks, I get excited. So when I saw a picture of the CEO Gerard Barron of TMC holding a Polymetallic Nodule from the bottom of the Pacific Ocean I couldn't help myself and went all in.
Here's the thing, the global industry demands certain metals to transition to "clean energy". For this transition, we need a lot of Nickel, Cobalt, Copper, and Manganese for things like stainless steel production, solar panels, wind turbines, and batteries. Luckily, these little rocks that The Metals Company (TMC) is planning to harvest in the Clarion Clipperton Zone (CCZ) inside their various contract areas.
The Metals Company has access to three contract areas in the CCZ. Two of them contain 1.6 billion tons of Polymetallic Nodules. Each wet ton of nodules is worth \~$500 at current metal prices. That's approaching a trillion dollars in metal in just two of the three contract areas.
The CFO goes into detail here:
[https://vimeo.com/1022466584](https://vimeo.com/1022466584)
More details here:
[https://investors.metals.co/news-events/events-and-presentations](https://investors.metals.co/news-events/events-and-presentations)
Since Trump has been elected, he has appointed a lot of very pro mining, and specifically, pro deep sea mining members to his cabinet. Some information on that here:
[https://mailchi.mp/8eea6f13414e/tmc\_jan25\_update-12701606](https://mailchi.mp/8eea6f13414e/tmc_jan25_update-12701606)
The CEO has claimed to be able to extract all 866 million tons of nodules from their NORI contract area over a 23 year period. 37 million tons per year.
Current capabilities based on their production vessel (The Hidden Gem) are 1.3m tons per year, with plans to upgrade the vessel to 3m tons per year before extraction starts in early 2026.
Revenues to start will be $650m per year, eventually scaling up to $18.5bn per year after a "few" years. I'm holding until $69.42 (\~$23.8bn MC).
"If you don't ROCK AND STONE you ain't comin' home".
TLDR;
I saw a dude with a rock and decided to yolo my life savings into the stock.
