Q: NASDAQ:TMC (TMC The Metals Company]
The cost of doing what they want to do seem high. Doesn't look like a good investment to me.
But it's been recommended by the usual suspect's.
What's your opinion?
Thank you.
The cost of doing what they want to do seem high. Doesn't look like a good investment to me.
But it's been recommended by the usual suspect's.
What's your opinion?
Thank you.
5i Research Answer:
TMC does deep sea mineral exploration. The company is pre-revenue and burning roughly $40 mln in cash flow. The company has roughly $115 mln in cash as of the recent quarter so has some runway. Analysts don't expect material revenue generation until 2027. We would view this as higher risk.