@Stuart Hatch Thanks for the tip! I hope I'll never get to the Nytol stage!!

@Mattias Mellander +100% just since May (4 months) is very well done indeed. I've followed the share price and the discourse on X, not least including my friend Hans Isoz's involvement in Intellego. It looks very good, and I feel a little FOMO. But, hey, you can't be in on all winners!

@Stefan Weix your comment was spot on. It's very important to keep in mind that junior miners are juniors, and usually valued at cents on the dollar of proven findings for good reasons 🙃🫣🤑🤑

@Stefan Weix Well, I expect each year's news flow to double the stock price. We were waiting for the PFS, just as we are waiting for the Tlingit vote, and the permit application and permit decision..., and financing, off-take contract, equipment transport, mine construction, and of course gold production and sales. There will be many reasons for the stock price to increase each year. You should never chase a price upward I think, but if it's a good risk/reward bet, you should keep buying on every 10% price correction, more on -15% and with both hands on -20% corrections. I'm still a buyer of Canagold myself on corrections, despite commencing buying at 0.17 CAD and knowing there will sooner or later be a share issue to finance construction of the New Polaris mine

Small companies are easier to make forecasts for and analyze if you actually take your time to understand the value drivers: how do they make and sell their products profitably. I don't know any of these four stocks, which makes it harder to have a strong view of normalized growth rates and profit margins. Perhaps you could add some information on revenue growth, profit margins and EPS forecasts for the coming 3-4 years? Norditek EV/S LTM = 1.5x, and P/E LTM 14x. Those are more or less average numbers, so if they can grow faster than the economy and be at least as profitable as the average stock, they are worth analysing. Intellego is at 27x LTM EPS so almost twice the market multiple. The 20% margin. They would only need about 15% annual EPS growth to be worth that multiple. That depends on trust in the signed contract. Is Sustainable Group publicly listed? I used to cover Opus, the car testing and service company, but I don't know SG. I'm online friends with Opus's former CFO and IR. Perhaps these companies make for a good conversation in a future AMA webinar, to make sure we can use your knowledge about the companies and their plans, and I can add my professional view on how to get from operations to earnings to valuation? Finally, Waystream: Down 75% from its 100 SEK peak 2 years ago. But up 10x from the lows 6 years ago. The number of shareholders has crashed in the recent couple of years from 5000 to 2000. Its a 25 year old company, so pretty experienced and stable. Recent revenue growth rate has been 12-14% but they made losses in 2023-2024. At EV/S 1.7x LTM their previous net income margin of 10-15% is good enough, as long as they grow at least the market average of 8%. Again, this company depends on getting back on track and managing their costs so they can produce real profits. It's a stock for a curious enthusiast that tracks the company and its newsflow closely enough to KNOW that they will grow faster than the market and return to profitability. They made 4m sek in Q1 2025 net earnings, but LTM -6m. If they were to make 20m in total net earnings over 12 months, it's valued at just P/E=10 -- REALLY cheap if they can grow EPS by 10% per year. P/E 20 would be more reasonable then.

@Mattias Mellander so they're at about 10x 2025 ebt. And growing fast. Even 3x would usually be seen as cheap in a case like this