ATHRU CAPITAL
INVESTMENT PORTFOLIO THESIS RESEARCH
POSITIONS:34 / 34
NAV ALLOC:49.07%
PORTFOLIO R:R:+6.01x
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⚠️ REVIEW OVERDUE (10/17/2026)
LGD.TO

Liberty Gold Corp

TSX•Core Position•Strategic (12-36m)•Precious Metals Monetary Supercycle & Silver Deficit
● ActiveLast Review: 9/17/2026
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
PORTFOLIO SIZING4.72% NAV
HARD STOP LOSS$1.40 (-33.3%)
TARGET 1 (DE-RISK)$3.15
TARGET 2 (BASE)$4.50
⚡CORE RE-RATE CATALYST

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

🚨KILL SWITCH & INVALIDATION CONDITIONS

Sustained thesis invalidation or structural asset impairment.

🎯 STRUCTURED VALIDATION CHECKPOINTS

0 / 1 Completed
1
ValidationBlack Pine Pre-Feasibility Study (PFS)

Optimizing heap leach recovery curves and mine plan.

12/15/2026● Pending

📝 DEEP RESEARCH MEMO & VALUATION MODEL

Aggregated Multi-Account Holdings: Total 22,500 shares worth €28,452.09 (4.72% NAV across Davy 148, Davy 270, Brokerage). Accounts Breakdown: Davy 148 (8,000 sh / €10,098.24) | Davy 270 (500 sh / €631.14) | Brokerage (14,000 sh / €17,722.71).

📰 AUDIT STREAM & RESEARCH NOTES

No tracking notes or automated news logs recorded yet for this thesis.