| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| 401K | 2,247 | $1.07 | $2,404 | 0.10% | $0.89 | $398 | +19.8% | — |
In short: Held fifteen years, with the return stated as a fact rather than a projection: "I've been an Alphamin shareholder for 15 years. I'm delighted to say that my dividends on an annual basis exceed my basis in the stock." The commodity: "the tin market's a spectacular market. The high-tech applications of tin haven't been discussed well in the market, but they are there. Tin demand continues to grow and will continue to grow." The asset: "Alphamin is the highest quality tin deposit in the world… with lots and lots and lots of exploration upside." And the offsetting risk, which he does not soften — "unfortunately, it's in northeast Congo. It's in a terrifying place of a terrifying country, but one that's treated me well… I've taken insane, literally insane political risk." He makes it concrete: concentrate ships by road, "each truck is worth $6 or $700,000 in a place where people will murder other people for $200," alongside "the risks that you run from the M23 guerrillas." Management gets full credit — "a superb job negotiating local challenges" and building a mine "80 kilometers from anywhere," constructing its own road and power. Asked whether there is a safe tin play: "not of this quality."
Tin is the quiet metal in every electronic device — it is what solder is made of, so it joins essentially every component on every circuit board. Rule thinks the market underrates how much high-tech demand actually rests on it, and that demand keeps growing. Alphamin operates what he calls the highest-quality tin mine in the world, with substantial exploration ground still untested around it.
It is in north-eastern Democratic Republic of Congo. He does not soften what that means: "a terrifying place of a terrifying country," and he describes the political risk he has accepted as "insane, literally insane." The single most vivid illustration is logistics — the mine's concentrate travels by road, and each truck carries six or seven hundred thousand dollars of product through a region "where people will murder other people for $200," alongside the M23 insurgency.
What makes this a Positive rather than a cautionary tale is a number that has already been banked. He has held the stock for fifteen years and his annual dividends now exceed what he originally paid for the shares. In other words the position has returned its entire cost every year, and everything from here is free. That is the payoff structure he is describing when he says a very risky jurisdiction can be worth it if the prize is large enough — and why, asked whether there is a safe tin play instead, the answer is simply "not of this quality."
52:19Highly risky. People who can't afford to take speculative risks should look elsewhere. — Okay, that's good perspective. The last one, and we haven't talked about this, is a tin play. Alphamin Resources. Would love to hear your thoughts about the tin market and Alphamin. This one coming from Curtis on X. — The tin market's a spectacular market.
In short: His personal-account way to play bullish tin (supply-tight, "grinding higher over the last several years," may "want to go a lot higher"): one of only two real producers, pays "like an 8% dividend." Caveat — the Bisie mine is in the DRC and was shut "for a month or so" earlier in the year on rebel activity (the risk that also let you "buy on discount"). "It's not in the portfolio. I own it in my personal portfolio."
Tin is a metal almost nobody talks about, used heavily in electronics (solder). There are only two real tin producers in the world, and Alphamin is one of them — and it pays a big dividend (around 8%). Its mine (Bisie) is in the Democratic Republic of Congo, and it had to shut for about a month this year because of rebel fighting nearby, which is exactly the kind of scare that let buyers get the shares cheap.
Polomny is bullish on tin (tight supply, the price grinding higher since 2022) and owns Alphamin — but in his personal account, not his newsletter model portfolio, so it's a personal-conviction holding rather than an official recommendation.
11:19There's another interesting company that seems to be gaining traction on social media. I think it's called First Tin. Obviously, Alphamin and Metals X are the two producers, but we've had a previous top or high in tin back in 2022. It looks like it had a big pullback and now it's been just grinding higher over the last several years.
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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.