Goldtent TA Paradise

The Core Five

1. Kewl2 says:

   October 6, 2026 - 11:17 am at 11:17 am

   AA — presentation is getting stronger each day. Well done!

   THOUGHTS

   Might be too many companies — key info gets ignored when overwhelmed with ~23 entries — Those that find this work valuable will print the lists and study them off line — so total length is what fits on two pages = defines max number of challengers????

   What about mine location (country) — one of the FIRST things to check when determing investment is political risk — report could be more valuable with this info.

   Not sure “interesting finds” is useful — does your target audience want this? Something that could be added later as necessary?

   Are the sections “ranked” — ie Challengers — is WGX the top challenger pick and JAG the worst? Or are they not ranked and just is some other order (if so what is the order based upon)?

   Might be time to add a disclaimer — info for entertainment purposes only — not financial advice — do your own due diligence etc etc etc — protect yourself!

   NFGC — model is saying share count heavy but total count (fully diluted) is 400M which is normal or on low side for producing mining companies. Maybe there are parameters somewhere that define low – medium – high share counts for this specific industry…..explorer vs producer??

   —- Not sure how model could take this into account but share count is directly affected by company requirement to raise funds. In NFGC’s case — company says it’s fully funded to production (first mine pays for 2nd — 1st and 2nd pay from new mill — then 3rd mine – 1st/2nd/3rd pay for 4th etc). So if share count stays at 400M it’s awesome vs heavy. ie: no further dilution.
   —– Commercial production started only a few days ago at 1st mine….interesting that model calls it weak with only the announcment PR to go on. No production reports likely until Feb/Mar 2027 (YE 2026 reports)

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   • AgentArgent says:

     October 6, 2026 - 12:13 pm at 12:13 pm

     thanks Kewl, still working with my analyst. I was trying to stress “reasonable” share counts, so I may have to do more work there. Thinking 500 million might be a good standard if a company has not overdilluted in the last 3 years.

     Mine location, yeah, good suggestion. I’ll add and try to assign some more color bubbles.

     Challengers, not in any sort of order, but I think you are correct, too many are listed.

     Will add the disclaimer if I actually post this on a public website…

     Maybe a reasonable amount of dillution leading up to a 1st producing mine. At that point, would hope that operations could fund any expansions.

     Good comments, thanks!

     Updates will be incorporated in tomorrow’s report

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     • Kewl2 says:

       October 6, 2026 - 12:47 pm at 12:47 pm

       Someone – somewhere – must have done an analysis on share count ranges for the mining industry by explorers and producers — surely trading history isn’t all gut feel — most explorers (in my experiece) do a share consolidation before reaching the producer stage (rare exceptions have been VERY lucky and managed to keep share count low during the no income portion of existence).

       A billion shares on an explorer can change overnight to a hundred million with just a PR — you don’t see this happening much once they reach producer stage — and are then self-funding.

       Maybe a university thesis turned into a article??

       Big job for an AI…

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       • AgentArgent says:

         October 6, 2026 - 1:15 pm at 1:15 pm

         Yes, I’ll try and flush that out with my junior analyst…not sure if we can hammer it out. We’ll see.

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