The official definition of a unicorn is a startup with a $1 billion valuation while still a private company. There are more than 1,500 unicorns globally and a variety of investment products that track them.
Your humble correspondent felt that the mining industry deserves a similar category of company.
Mining has been starved of cash for years and telling unicorn chasers you are “literally sitting on a gold mine” appears to be a less compelling story to the minds of smart money than saying “we’re going to create an exchange where the shitcoin company A is mining can be swopped for the shitcoin company B to Z is mining” – and call it effective altruism.
This year copper grabbed the mainstream imagination and became the next big investment thing for a short but glorious moment. It seemed apt that the first MINING.COM list of unicorns should be based on the bellwether metal.
It’s nothing…
