Gold and Copper Selection

This portfolio focuses exclusively on high-quality companies with direct gold and/or copper exposure. With a medium to long-term perspective (12-36 months), I identify undervalued opportunities across the entire value chain. The diversified portfolio comprises up to 20 carefully selected positions, strategically allocated between established producers, promising developers and selected explorers or prospectors. This balance ensures stability through cash-flow generators and significant growth potential. I impose no jurisdictional restrictions, capitalizing on opportunities in premier mining destinations worldwide. Exclusively long positions enable full participation in the structural commodity bull market. Gold as ultimate store of value amid currency debasement and copper as indispensable raw material of electrification/AI revolution form our conviction. Both metals face multi-year supercycles with significant supply deficits.