IDR - Idaho Strategic Resources - I Got This One Wrong

2025-04-09 08:22:42 ET

Summary

• I underestimated the impact of a 50% gold price increase and the effect of Trump's Executive Order on domestic mineral production.
• Idaho Strategic Resources (IDR) is primarily a small gold mine, and despite recent high-grade drill results, its valuation should reflect that.
• I remain skeptical about the viability of IDR's rare earths and thorium projects due to regulatory challenges and environmental concerns.
• Valuing IDR based on speculative thorium and rare earths potential is misguided; it should be valued strictly as a gold mining operation.

In my defence

There are two things I got wrong last time around. The first of which was this :

The gold price going up 50% is going to have an effect upon a gold miner. The second thing I got wrong is this : ...

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