| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| 401K | 16 | $43.95 | $703 | 0.03% | $32.02 | $191 | +37.3% | — |
In short: "Eldorado's got the Foran copper project in the region" (captioned "Al Dorado's… the former for copper") — the McIlvenna Bay copper mine it acquired with Foran Mining, cited as another Saskatchewan project competing for labour.
3:46So we have projects like BHP's Jansen project in the province of Saskatchewan, Al Dorado's got the former for copper project in the region and Kamico's active in the region as well as Orano. Look, the province is not big. It's 1 and a.5 million people in Saskatchewan when you're being generous. And so there is generally a tight labor market in the province.
In short: A gold miner buying its way into copper — paid ~C$3.8B for Foran Mining to secure one of Saskatchewan's largest base-metals deposits; an acquirer positioning for the copper squeeze.
Eldorado is mainly a gold miner, but it just spent ~C$3.8 billion to buy Foran Mining — a company sitting on one of Saskatchewan's biggest base-metals (copper-rich) deposits. Prins reads that as a gold miner deliberately buying its way into copper because it sees a shortage coming. When a company pays billions to get copper in the ground rather than try to build a mine from scratch, it's voting with its wallet on scarcity.
In short: M&A evidence, not a stance: "Eldorado Gold bid for Foran Mining (copper) today" — cited as the opening shot of the majors' copper-junior acquisition wave he has been positioning for.
Eldorado Gold is a mid-size gold miner; here it matters not as a stock pick but as a signal. It just bid to buy Foran Mining, a copper developer that used to be in Paulo's own basket of small copper stocks before he swapped into others (Aldebaran, Taseko, Surge). His point: big miners are now starting to buy up the small copper companies — exactly the acquisition wave he's been betting on. So the Eldorado-Foran deal is evidence his copper-junior thesis is playing out, not a recommendation to buy Eldorado itself.
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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.