PORTFOLIO RESEARCH & CONVICTION MATRIX

Master Investment Ledger

TOTAL PORTFOLIO NAV

€602,887.25

Across 3 Custodial Accounts

TOTAL CASH RESERVES

€307,089.81

50.93% Dry Powder

EQUITIES & ETFS ALLOCATED

€295,797.44

49.07% Deployed

ACTIVE POSITIONS

34 Holdings

5 Macro Pillars

THEMATIC NAV ALLOCATION 49.1% / 100% Deployed

Press Cmd+K to search tickers

Energy Transition Realism & Midstream Cash Generation(8.1%)

Global Food Security & Fertilizer Supply Rebound(0.9%)

Nuclear Renaissance & AI Data Center Power Demand(2.5%)

Precious Metals Monetary Supercycle & Silver Deficit(36.2%)

Western Critical Minerals Security & Electrification(1.4%)

Davy Account ...148

24.1% NAV

€145,584.71

Cash Balance:€100,004.63 (16.6%)

Equities:€45,580.08 (7.6%)

Positions Count:8 Holdings

Davy Account ...270

53.7% NAV

€323,788.13

Cash Balance:€212,847.75 (35.3%)

Equities:€110,940.38 (18.4%)

Positions Count:19 Holdings

Brokerage / Custody

22.1% NAV

€133,514.41

Cash Balance:€-5,762.57 (-1.0%)

Equities:€139,276.98 (23.1%)

Positions Count:20 Holdings

📋 Aggregated Multi-Account Portfolio (34 Positions)

TICKER	COMPANY / ASSET	EXCHANGE	VALUE (€)	NAV %	ACCOUNTS BREAKDOWN	ACTION
ABRA.V	AbraSilver Resource Corp	TSX-V	€53,054.08	8.80%	Davy 148 (1,700 sh / €13,45666) \| Davy 270 (1,500 sh / €11,873.52) \| Brokerage (3,500 sh / €27,720.00).	Memo →
LGD.TO	Liberty Gold Corp	TSX	€28,456.28	4.72%	Davy 148 (8,000 sh / €10,09824) \| Davy 270 (500 sh / €631.14) \| Brokerage (14,000 sh / €17,722.71).	Memo →
GGD.TO	GoGold Resources Inc	TSX	€23,090.58	3.83%	Davy 270 (2,500 sh / €6,23500) \| Brokerage (1,500 sh / €3,788.37) \| Brokerage (5,232 sh / €13,038.14).	Memo →
USL.AX	Unico Silver Ltd	ASX	€17,242.58	2.86%	Davy 148 (9,975 sh / €4,93324) \| Brokerage (25,000 sh / €12,286.73).	Memo →
OXY	Occidental Petroleum Corp	NYSE	€15,433.91	2.56%	Davy 270 (300 sh / €15,43555).	Memo →
SGD.V	Snowline Gold Corp	TSX-V	€15,373.62	2.55%	Davy 148 (500 sh / €4,79418) \| Davy 270 (500 sh / €4,794.18) \| Brokerage (600 sh / €5,769.55).	Memo →
GMIN.TO	G Mining Ventures Corp	TSX	€14,107.56	2.34%	Brokerage (339 sh / €10,31423) \| Brokerage (125 sh / €3,812.50).	Memo →
AEM	Agnico Eagle Mines Ltd	NYSE	€12,720.92	2.11%	Davy 270 (75 sh / €12,74841).	Memo →
EQX.TO	Equinox Gold Corp	TSX	€10,128.51	1.68%	Brokerage (1,003 sh / €10,11525).	Memo →
CCJ	Cameco Corp	NYSE	€9,465.33	1.57%	Davy 270 (120 sh / €9,45479).	Memo →
SOIL.TO	Saturn Oil & Gas Inc	TSX	€8,561.00	1.42%	Davy 270 (2,000 sh / €8,58102).	Memo →
NEM	Newmont Corporation	NYSE	€8,440.42	1.40%	Davy 270 (50 sh / €5,27693) \| Brokerage (30 sh / €3,185.97).	Memo →
FWZ.V	Fireweed Metals Corp	TSX-V	€8,018.40	1.33%	Davy 148 (4,000 sh / €8,00895).	Memo →
NUAG.TO	New Pacific Metals Corp	TSX	€7,234.65	1.20%	Davy 148 (1,000 sh / €4,81061) \| Brokerage (500 sh / €2,413.33).	Memo →
DC	Dakota Gold Corp	NYSE	€6,812.63	1.13%	Davy 148 (200 sh / €98466) \| Brokerage (1,170 sh / €5,832.45).	Memo →
WPM	Wheaton Precious Metals Corp	NYSE	€6,390.60	1.06%	Davy 270 (50 sh / €6,37918).	Memo →
BORR	Borr Drilling Ltd	NYSE	€5,486.27	0.91%	Davy 270 (1,500 sh / €5,49969).	Memo →
MOS	Mosaic Co	NYSE	€5,365.70	0.89%	Davy 270 (250 sh / €5,37184).	Memo →
OBE.TO	Obsidian Energy Ltd	TSX	€5,305.41	0.88%	Davy 270 (500 sh / €5,29785).	Memo →
XLE	SPDR Energy Select Sector ETF	NYSE	€4,642.23	0.77%	Davy 270 (100 sh / €4,61254).	Memo →
PAAS	Pan American Silver Corp	NYSE	€4,099.63	0.68%	Davy 270 (100 sh / €4,12239).	Memo →
KMI	Kinder Morgan Inc	NYSE	€3,979.06	0.66%	Davy 270 (150 sh / €3,98550).	Memo →
HL	Hecla Mining Co	NYSE	€3,918.77	0.65%	Davy 270 (250 sh / €3,89833).	Memo →
BSX.TO	Belo Sun Mining Corp	TSX	€3,677.61	0.61%	Davy 270 (3,000 sh / €2,20122) \| Brokerage (2,000 sh / €1,471.70).	Memo →
CRK	Comstock Resources Inc	NYSE	€2,833.57	0.47%	Brokerage (250 sh / €2,85645).	Memo →
URNM	Sprott Uranium Miners UCITS ETF	LSE	€2,833.57	0.47%	Brokerage (250 sh / €2,83800).	Memo →
DML.TO	Denison Mines Corp	TSX	€2,471.84	0.41%	Davy 148 (1,000 sh / €2,44431).	Memo →
PXT.TO	Parex Resources Inc	TSX	€1,748.37	0.29%	Davy 270 (100 sh / €1,76781).	Memo →
RGLD	Royal Gold Inc	NASDAQ	€1,085.20	0.18%	Brokerage (5 sh / €1,07067).	Memo →
EQTY.V	Equity Metals Corp	TSX-V	€1,024.91	0.17%	Brokerage (10,000 sh / €99776).	Memo →
OCG.V	Outcrop Silver & Gold Corp	TSX-V	€1,024.91	0.17%	Brokerage (5,000 sh / €99776).	Memo →
NGAS.L	WisdomTree Natural Gas ETC	LSE	€783.75	0.13%	Brokerage (200 sh / €81264).	Memo →
GTC.V	Getty Copper Inc	TSX-V	€602.89	0.10%	Brokerage (1,000 sh / €61113).	Memo →
NCU.V	Newcore Gold Ltd	TSX-V	€422.02	0.07%	Brokerage (2,500 sh / €44431).	Memo →

TICKER	COMPANY	EXCHANGE	STATUS	ALLOC %	CURRENT	ENTRY ZONE	STOP LOSS	TARGET 1	TARGET 2	TARGET 3	R:R RATIO	ACTION
ABRA.V	AbraSilver Resource Corp	TSX-V	Active	8.80%	$9.00	$7.20 - $9.00	$6.00 (-33.3%)	$12.60	$18.00	$25.20	+6.7x	View Memo
LGD.TO	Liberty Gold Corp	TSX	Active	4.72%	$2.10	$1.68 - $2.10	$1.40 (-33.3%)	$3.15	$4.50	$6.30	+7.4x	View Memo
GGD.TO	GoGold Resources Inc	TSX	Active	3.83%	$2.70	$2.16 - $2.70	$1.80 (-33.3%)	$4.20	$6.00	$8.40	+7.8x	View Memo
USL.AX	Unico Silver Ltd	ASX	Active	2.86%	$0.75	$0.60 - $0.75	$0.50 (-33.3%)	$1.40	$2.00	$2.80	+10x	View Memo
OXY	Occidental Petroleum Corp	NYSE	Active	2.56%	$67.50	$54.00 - $67.50	$45.00 (-33.3%)	$59.50	$85.00	$119.00	+3x	View Memo
SGD.V	Snowline Gold Corp	TSX-V	Active	2.55%	$15.00	$12.00 - $15.00	$10.00 (-33.3%)	$21.00	$30.00	$42.00	+6.7x	View Memo
GMIN.TO	G Mining Ventures Corp	TSX	Active	2.34%	$45.00	$36.00 - $45.00	$30.00 (-33.3%)	$52.50	$75.00	$105.00	+5x	View Memo
AEM	Agnico Eagle Mines Ltd	NYSE	Active	2.11%	$300.00	$240.00 - $300.00	$200.00 (-33.3%)	$280.00	$400.00	$560.00	+3.3x	View Memo
EQX.TO	Equinox Gold Corp	TSX	Active	1.68%	$10.50	$8.40 - $10.50	$7.00 (-33.3%)	$14.00	$20.00	$28.00	+6.2x	View Memo
CCJ	Cameco Corp	NYSE	Active	1.57%	$97.50	$78.00 - $97.50	$65.00 (-33.3%)	$98.00	$140.00	$196.00	+3.8x	View Memo
SOIL.TO	Saturn Oil & Gas Inc	TSX	Active	1.42%	$6.75	$5.40 - $6.75	$4.50 (-33.3%)	$9.80	$14.00	$19.60	+7x	View Memo
NEM	Newmont Corporation	NYSE	Active	1.40%	$127.50	$102.00 - $127.50	$85.00 (-33.3%)	$126.00	$180.00	$252.00	+3.7x	View Memo
FWZ.V	Fireweed Metals Corp	TSX-V	Active	1.33%	$3.00	$2.40 - $3.00	$2.00 (-33.3%)	$4.90	$7.00	$9.80	+8.3x	View Memo
NUAG.TO	New Pacific Metals Corp	TSX	Active	1.20%	$5.25	$4.20 - $5.25	$3.50 (-33.3%)	$8.40	$12.00	$16.80	+8.1x	View Memo
DC	Dakota Gold Corp	NYSE	Active	1.13%	$5.25	$4.20 - $5.25	$3.50 (-33.3%)	$7.70	$11.00	$15.40	+7.1x	View Memo
WPM	Wheaton Precious Metals Corp	NYSE	Active	1.06%	$225.00	$180.00 - $225.00	$150.00 (-33.3%)	$224.00	$320.00	$448.00	+3.8x	View Memo
BORR	Borr Drilling Ltd	NYSE	Active	0.91%	$4.50	$3.60 - $4.50	$3.00 (-33.3%)	$5.95	$8.50	$11.90	+6.1x	View Memo
MOS	Mosaic Co	NYSE	Active	0.89%	$27.00	$21.60 - $27.00	$18.00 (-33.3%)	$29.40	$42.00	$58.80	+4.4x	View Memo
OBE.TO	Obsidian Energy Ltd	TSX	Active	0.88%	$16.50	$13.20 - $16.50	$11.00 (-33.3%)	$19.60	$28.00	$39.20	+5.2x	View Memo
XLE	SPDR Energy Select Sector ETF	NYSE	Active	0.77%	$52.50	$42.00 - $52.50	$35.00 (-33.3%)	$45.50	$65.00	$91.00	+2.9x	View Memo
PAAS	Pan American Silver Corp	NYSE	Active	0.68%	$48.00	$38.40 - $48.00	$32.00 (-33.3%)	$52.50	$75.00	$105.00	+4.5x	View Memo
KMI	Kinder Morgan Inc	NYSE	Active	0.66%	$28.50	$22.80 - $28.50	$19.00 (-33.3%)	$31.50	$45.00	$63.00	+4.6x	View Memo
HL	Hecla Mining Co	NYSE	Active	0.65%	$18.00	$14.40 - $18.00	$12.00 (-33.3%)	$21.00	$30.00	$42.00	+5x	View Memo
BSX.TO	Belo Sun Mining Corp	TSX	Active	0.61%	$1.05	$0.84 - $1.05	$0.70 (-33.3%)	$1.96	$2.80	$3.92	+10x	View Memo
CRK	Comstock Resources Inc	NYSE	Active	0.47%	$12.75	$10.20 - $12.75	$8.50 (-33.3%)	$16.80	$24.00	$33.60	+6.1x	View Memo
URNM	Sprott Uranium Miners UCITS ETF	LSE	Active	0.47%	$12.00	$9.60 - $12.00	$8.00 (-33.3%)	$15.40	$22.00	$30.80	+5.8x	View Memo
DML.TO	Denison Mines Corp	TSX	Active	0.41%	$2.70	$2.16 - $2.70	$1.80 (-33.3%)	$3.85	$5.50	$7.70	+6.9x	View Memo
PXT.TO	Parex Resources Inc	TSX	Active	0.29%	$30.00	$24.00 - $30.00	$20.00 (-33.3%)	$33.60	$48.00	$67.20	+4.7x	View Memo
RGLD	Royal Gold Inc	NASDAQ	Active	0.18%	$262.50	$210.00 - $262.50	$175.00 (-33.3%)	$266.00	$380.00	$532.00	+3.9x	View Memo
EQTY.V	Equity Metals Corp	TSX-V	Active	0.17%	$0.15	$0.12 - $0.15	$0.10 (-33.3%)	$0.32	$0.45	$0.63	+3.5x	View Memo
OCG.V	Outcrop Silver & Gold Corp	TSX-V	Active	0.17%	$0.30	$0.24 - $0.30	$0.20 (-33.3%)	$0.59	$0.85	$1.19	+6.5x	View Memo
NGAS.L	WisdomTree Natural Gas ETC	LSE	Active	0.13%	$3.75	$3.00 - $3.75	$2.50 (-33.3%)	$5.60	$8.00	$11.20	+7.3x	View Memo
GTC.V	Getty Copper Inc	TSX-V	Active	0.10%	$0.75	$0.60 - $0.75	$0.50 (-33.3%)	$1.75	$2.50	$3.50	+13.3x	View Memo
NCU.V	Newcore Gold Ltd	TSX-V	Active	0.07%	$0.27	$0.22 - $0.27	$0.18 (-33.3%)	$0.52	$0.75	$1.05	+5.7x	View Memo

ABRA.V

AbraSilver Resource Corp

TSX-V•Core Position•Strategic (12-36m)

8.80% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+6.7x R:R

$18.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$6.00

-44.4% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

[Manual Research Note]: Expecting Abra to be acquired before end of 2026 with target of 20-24 dollors Trying to add on weakness

MILESTONES:0 / 1 Completed

REVIEW: 2026-10-17Deep Memo →

LGD.TO

Liberty Gold Corp

TSX•Core Position•Strategic (12-36m)

4.72% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+7.4x R:R

$4.50

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$1.40

-48.1% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 1 Completed

REVIEW: 2026-10-17Deep Memo →

GGD.TO

GoGold Resources Inc

TSX•Core Position•Strategic (12-36m)

3.83% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+7.8x R:R

$6.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$1.80

-50.0% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 1 Completed

REVIEW: 2026-10-17Deep Memo →

USL.AX

Unico Silver Ltd

ASX•Core Position•Strategic (12-36m)

2.86% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+10x R:R

$2.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$0.50

-58.3% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

[Discord Ingestion]: Test live ingestion: High-grade drill core assays received from laboratory.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

OXY

Occidental Petroleum Corp

NYSE•Core Position•Strategic (12-36m)

2.56% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+3x R:R

$85.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$45.00

-11.8% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

SGD.V

Snowline Gold Corp

TSX-V•Core Position•Strategic (12-36m)

2.55% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+6.7x R:R

$30.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$10.00

-44.4% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

GMIN.TO

G Mining Ventures Corp

TSX•Core Position•Strategic (12-36m)

2.34% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+5x R:R

$75.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$30.00

-33.3% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 1 Completed

REVIEW: 2026-10-17Deep Memo →

AEM

Agnico Eagle Mines Ltd

NYSE•Core Position•Strategic (12-36m)

2.11% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+3.3x R:R

$400.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$200.00

-16.7% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

EQX.TO

Equinox Gold Corp

TSX•Core Position•Strategic (12-36m)

1.68% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+6.2x R:R

$20.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$7.00

-41.7% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

CCJ

Cameco Corp

NYSE•Core Position•Strategic (12-36m)

1.57% NAV

MACRO THEME:Nuclear Renaissance & AI Data Center Power Demand

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+3.8x R:R

$140.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$65.00

-22.6% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 1 Completed

REVIEW: 2026-10-17Deep Memo →

SOIL.TO

Saturn Oil & Gas Inc

TSX•Core Position•Strategic (12-36m)

1.42% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+7x R:R

$14.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$4.50

-46.4% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

NEM

Newmont Corporation

NYSE•Core Position•Strategic (12-36m)

1.40% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+3.7x R:R

$180.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$85.00

-21.3% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

FWZ.V

Fireweed Metals Corp

TSX-V•Core Position•Strategic (12-36m)

1.33% NAV

MACRO THEME:Western Critical Minerals Security & Electrification

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+8.3x R:R

$7.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$2.00

-52.4% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 1 Completed

REVIEW: 2026-10-17Deep Memo →

NUAG.TO

New Pacific Metals Corp

TSX•Core Position•Strategic (12-36m)

1.20% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+8.1x R:R

$12.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$3.50

-51.4% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

Dakota Gold Corp

NYSE•Core Position•Strategic (12-36m)

1.13% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+7.1x R:R

$11.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$3.50

-47.0% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

WPM

Wheaton Precious Metals Corp

NYSE•Core Position•Strategic (12-36m)

1.06% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+3.8x R:R

$320.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$150.00

-21.9% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

BORR

Borr Drilling Ltd

NYSE•Core Position•Strategic (12-36m)

0.91% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+6.1x R:R

$8.50

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$3.00

-41.2% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

MOS

Mosaic Co

NYSE•Core Position•Strategic (12-36m)

0.89% NAV

MACRO THEME:Global Food Security & Fertilizer Supply Rebound

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+4.4x R:R

$42.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$18.00

-28.6% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

OBE.TO

Obsidian Energy Ltd

TSX•Core Position•Strategic (12-36m)

0.88% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+5.2x R:R

$28.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$11.00

-34.5% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

XLE

SPDR Energy Select Sector ETF

NYSE•Core Position•Strategic (12-36m)

0.77% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+2.9x R:R

$65.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$35.00

-10.3% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

PAAS

Pan American Silver Corp

NYSE•Core Position•Strategic (12-36m)

0.68% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+4.5x R:R

$75.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$32.00

-28.9% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

KMI

Kinder Morgan Inc

NYSE•Core Position•Strategic (12-36m)

0.66% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+4.6x R:R

$45.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$19.00

-29.6% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

Hecla Mining Co

NYSE•Core Position•Strategic (12-36m)

0.65% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+5x R:R

$30.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$12.00

-33.3% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

BSX.TO

Belo Sun Mining Corp

TSX•Core Position•Strategic (12-36m)

0.61% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+10x R:R

$2.80

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$0.70

-58.3% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

CRK

Comstock Resources Inc

NYSE•Core Position•Strategic (12-36m)

0.47% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+6.1x R:R

$24.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$8.50

-41.0% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

URNM

Sprott Uranium Miners UCITS ETF

LSE•Core Position•Strategic (12-36m)

0.47% NAV

MACRO THEME:Nuclear Renaissance & AI Data Center Power Demand

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+5.8x R:R

$22.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$8.00

-39.4% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

DML.TO

Denison Mines Corp

TSX•Core Position•Strategic (12-36m)

0.41% NAV

MACRO THEME:Nuclear Renaissance & AI Data Center Power Demand

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+6.9x R:R

$5.50

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$1.80

-45.5% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 1 Completed

REVIEW: 2026-10-17Deep Memo →

PXT.TO

Parex Resources Inc

TSX•Core Position•Strategic (12-36m)

0.29% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+4.7x R:R

$48.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$20.00

-30.6% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

RGLD

Royal Gold Inc

NASDAQ•Core Position•Strategic (12-36m)

0.18% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+3.9x R:R

$380.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$175.00

-23.2% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

EQTY.V

Equity Metals Corp

TSX-V•Core Position•Strategic (12-36m)

0.17% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+3.5x R:R

$0.45

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$0.10

-63.0% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

OCG.V

Outcrop Silver & Gold Corp

TSX-V•Core Position•Strategic (12-36m)

0.17% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+6.5x R:R

$0.85

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$0.20

-60.8% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

NGAS.L

WisdomTree Natural Gas ETC

LSE•Core Position•Strategic (12-36m)

0.13% NAV

MACRO THEME:Energy Transition Realism & Midstream Cash Generation

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+7.3x R:R

$8.00

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$2.50

-47.9% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

GTC.V

Getty Copper Inc

TSX-V•Core Position•Strategic (12-36m)

0.10% NAV

MACRO THEME:Western Critical Minerals Security & Electrification

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+13.3x R:R

$2.50

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$0.50

-66.7% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

NCU.V

Newcore Gold Ltd

TSX-V•Core Position•Strategic (12-36m)

0.07% NAV

MACRO THEME:Precious Metals Monetary Supercycle & Silver Deficit

LIVE MARKET SNAPSHOT📈 Open Chart ↗

FAIR VALUE TARGET+5.7x R:R

$0.75

+66.7% Target Upside

Intrinsic value upon catalyst delivery

HARD INVALIDATION STOP

$0.18

-60.0% Downside Floor

Kill-switch thesis breach point

⚡ KEY RE-RATE CATALYST

Fundamental catalyst validation, resource growth, or cash flow generation.

📰 LATEST PROJECT INTELLIGENCE & TARGETS

Sustained thesis invalidation or structural asset impairment.

MILESTONES:0 / 0 Completed

REVIEW: 2026-10-17Deep Memo →

⚡ REAL-TIME RESEARCH & PROJECT INTELLIGENCE FEED

View All Intelligence →

[ABRA.V]Manual Research Note• News Summary

2026-09-08 23:15:53

Expecting Abra to be acquired before end of 2026 with target of 20-24 dollors Trying to add on weakness

[ABRA.V]Manual Research Note• News Summary

2026-09-08 23:15:15

Expecting Abra to be acquired before end of 2026 with target of 20-24 dollors Trying to add on weakness

[ABRA.V]Manual Research Note• News Summary

2026-09-08 23:10:50

Expecting Abra to be acquired before end of 2026 with target of 20-24 dollars. Trying to add on weakness.

[USL.AX]Discord Ingestion• News Summary

2026-08-27 11:18:09

Test live ingestion: High-grade drill core assays received from laboratory.

[USL.AX]Discord Ingestion• News Summary

2026-08-27 11:17:41

Voice memo transcript: Lead geologist noted intersection of 5.8m @ 620 g/t Ag at 320m depth.

🌐 MACRO DRIVER THEMES

All Themes →

Geopolitical• Bullish

Critical Minerals & Defense Supply Chain

Western supply onshoring and NDAA mandates for domestic defense critical minerals.

Commodity Deficit• Bullish

Energy Transition Realism & Midstream Cash Generation

Surging US natural gas demand for LNG export terminals and power grid load growth. Capital discipline among E&Ps yielding massive free cash flow.

Commodity Deficit• Bullish

Global Food Security & Fertilizer Supply Rebound

Structural food supply challenges, global crop replenishment, and cyclical trough recovery in phosphate and potash fertilizers.

Commodity Deficit• Bullish

Nuclear Renaissance & AI Data Center Power Demand

Hyperscaler tech giants signing direct nuclear power contracts. Long-term uranium utility contracting at $90-$100+/lb against severe primary mine supply deficit.

Commodity Deficit• Bullish

Nuclear Renaissance & SMR Buildout

Hyperscaler data center power purchase agreements driving contracting at +/lb. Kazatomprom supply cuts.

Master Investment Ledger

Davy Account ...148

Davy Account ...270

Brokerage / Custody

📋 Aggregated Multi-Account Portfolio (34 Positions)

⚡ REAL-TIME RESEARCH & PROJECT INTELLIGENCE FEED

🌐 MACRO DRIVER THEMES

Critical Minerals & Defense Supply Chain

Energy Transition Realism & Midstream Cash Generation

Global Food Security & Fertilizer Supply Rebound

Nuclear Renaissance & AI Data Center Power Demand

Nuclear Renaissance & SMR Buildout

＋ Add New Investment Thesis / Company

✍ Add Tracking Note / Research Log