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𝛼SKMontero Mining
SUMMARY
- Montero Mining (TSX-V: MON) recently signed a $27 million settlement agreement with Tanzania over the expropriation of its Wigu Hill rare earth project.
- As someone who’s been an early investor in Montero along with similar cases like Indiana Resources and Winshear Gold (the “Tanzania Triple Play”), I’ve seen firsthand how these situations can play out, and Montero’s setup looks particularly interesting right now.
- Idea Hive and Jeremy Raper have done a great breakdown of this on their various channels, and I agree with their take—this stock has a lot going for it with minimal downside risk at the moment given the 31 cent trading price and could present an attractive IRR (but not a huge absolute return).
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