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Catalysts Most Immediate Catalysts (1–2 Years) AI Growth with Copilot & Azure AI – Microsoft is aggressively integrating AI into Office 365 (Copilot) and Azure AI, driving enterprise adoption and monetizing AI-powered software. Cloud Expansion (Azure) – Azure continues to gain market share, benefiting from enterprise digital transformation and AI workloads.

Q1 2025 Update Very weak quarter both in terms of order intake 142 mUSD (also including about 30 mUSD for "as a service" orders) vs 182 last Q!, no implications for long term valuation. No need to rush in to this stock.

Key Points SoundHound has developed over two decades of moat in an industry that just started getting traction. With shrinking electronics and communication with machines becoming more mainstream, I believe the company can capture much of this growth.

Key Financials: 2024 Forecast: 80,000 oz production; $160M cash flow. 2029 Forecast: 155,000 oz production; $250M cash flow.

Key Financials: 2024 Forecast: 80,000 oz production; $160M cash flow. 2029 Forecast: 155,000 oz production; $250M cash flow.

Alphabet, the parent company of Google, has consistently demonstrated its prowess in innovation and strategic foresight. While the recent quarterly results have showcased impressive financial performance, it's the company's relentless pursuit of long-term value creation that truly sets it apart.

It's just a car company. Level 4 autonomy is not going to be achieved for now while Elon Musk continuously insinuates that Level 5 autonomy will be available soon.

Montage Gold – Overview (Côte d’Ivoire) Project : Kone + Gbongogo Land Package : 500,000 acres Resource : 5 million oz (4M oz reserves) Production Plan : Starts at 300,000 oz/year Capex : $900M (fully funded via $700M streaming deal + $125M debt) AISC : ~$1,000/oz First Pour : Q2 2027 Stream Deal : 23% of production at low fixed prices – hurts profitability 2023 Drill Highlights (Gbongogo) 113.25m @ 2.30 g/t 48.00m @ 1.72 g/t 45.75m @ 1.90 g/t 20.50m @ 10.95 g/t 17.00m @ 8.56 g/t Valuation at $4,000 Gold Let’s estimate using 300,000 oz/year: Streamed Production (23%) : 69,000 oz (minimal profit) Unstreamed Production (77%) : 231,000 oz FCF per oz : $4,000 - $1,000 = $3,000 Total FCF : 231,000 × $3,000 = $693M/year Valuation (10x FCF) : $6.93 billion Stock Price Potential If FCF is $693M and we apply a 10x multiple , the valuation = $6.93B If they have ~200M shares (estimate): Stock Price = $6.93B ÷ 200M = $34.65 per share Conclusion At $4,000 gold , Montage Gold could be worth $30–35/share , even with the streaming deal. Strong team, solid project, and multi-mine potential.

To calculate the potential stock price of Fresnillo if silver reaches $100 per oz, we can follow these steps: ### Assumptions and Inputs 1. Annual Silver Production: 55 million oz (projected for 2025).