This Dirt Cheap $7 Stock Could Make You Filthy Rich

Core Insights - The Metals Company (TMC) has shown significant stock performance, surging 450% in 2025 and up 17% in early 2026, indicating strong market interest and potential growth [1][2] - TMC's stock price was around $1 per share last year, but a pivotal announcement in April 2025 regarding a commercial recovery permit under U.S. law has drastically changed its trajectory [2][3] - The company currently has a market cap of approximately $2.9 billion, with a project value of its exploration area estimated at $23.6 billion, suggesting a substantial upside potential if the project materializes [3][5] Company Overview - TMC is focused on mining polymetallic nodules, which are critical minerals needed in various industries, including defense and technology [1][7] - The company is navigating regulatory challenges, as it seeks to operate independently of the International Seabed Authority (ISA), which has not finalized a framework for deep-sea mining [3][4] - Current market valuation suggests that TMC's stock is trading at a fraction of its estimated project value, indicating a modest probability assigned by the market for the nodules to enter commercial production [5][6] Market Potential - If TMC can successfully demonstrate the viability of deep-sea mining, it could potentially expand operations to other regions and secure long-term supply contracts with industrial clients [7] - The current stock price of $7 implies a potential upside of about 700% if the market valuation aligns with the project value [6][8] - The path to achieving commercial production is uncertain and may involve political friction, but the long-term prospects remain promising for patient investors [4][8]