A

@the_analyst_24 And that doesn’t include the “harder to get to” resource that bumps these numbers by a lot! Tons of added upside in Brassiles and outside the south zone OH AND THEY HAVE VAINILLA CONCESSION NOW

@the_analyst_24 Your NPV is low at mark to market metals prices. As stated by the company in their sensitivity analysis the *POST TAX* NPV at $6/lb copper is just over $4blb See attached image!

Oroco Resource Corp. ($OCO.V / $ORRCF) - A Tier-1 Copper Asset in the Hands of a Junior With copper spot prices pushing ~$5.95/lb driven by electrification and the AI data center boom, the world is facing a severe structural shortage of development-ready, large-scale copper porphyry projects. Enter Oroco and its Santo Tomás project in Sinaloa, Mexico. 💸 Valuation Snapshot • Market Cap: ~$93.6M USD (~133.6M CAD) • Current Share Price: 0.41 CAD The market is heavily discounting this asset. The Base NPV of the project was $1.48B at $4.00 copper. At today's spot price, the real NPV is closer to $2.5B–$3.0B. Yet, it trades at an EV under $100M. Why? Because the Initial CAPEX is $1.1B—a sum Oroco cannot fund alone. The market is pricing in the financing risk, but the core thesis here is different: This is a pure M&A play. ⛰️ The Asset & Economics Santo Tomás is a classic high-tonnage porphyry. While grades are standard (~0.35% CuEq), its geographical USP is unmatched. Unlike Andean projects trapped at 4,000m altitude, Santo Tomás sits near sea level, next to a highway, rail network, power lines, and just 160km from the Topolobampo deep-sea port. At ~$5.95/lb Cu, the economics go parabolic. Phase 1 (60,000 tpd) is projected to generate $550M–$650M in annual EBITDA. That means a payback period of LESS than 2 years on the $1.1B initial CAPEX. For a major miner, this is a highly lucrative, easily justifiable acquisition. ⏳ Catalysts & The M&A Runway The project is currently advancing its Phase 2 drill program. The true "Sweet Spot" for an acquisition opens up in Mid-2027 with the expected delivery of the Pre-Feasibility Study (PFS). The recent resignation of the CEO also paves the way for new leadership with a strong M&A background to package this asset for the Big Boys (think Freeport, BHP, Capstone). ⚠️ The Risks Permitting in Mexico under the Sheinbaum administration requires navigating strict environmental standards, especially regarding water management and tailings. Furthermore, recent political volatility in Sinaloa could delay the crucial Environmental Impact Assessment (MIA) timeline. The Bottom Line There are maybe 10-15 independent copper projects of this scale left globally that aren't already swallowed by a Major. As the "Copper Crunch" intensifies, the majors will be forced to buy to replace their depleting pipelines. Oroco offers extreme leverage on the copper price with a clear path to a buyout once the PFS drops. Disclaimer: Not a financial advice. Always do your own DD.

Big mining projects to watch for permits El arco — groupo mexico San Nicolas — agnico + teck Camino rojo expansion — orla mining  Cordero — discovery silver Orisvyo -- Frenillo I think with the PFS due and necessary wheels in motion, things are looking very good. Would love to see a strong CEO pick (Craig’s commentary in the town hall was good!) Silver Tiger was important. People who know a lot more than me have been talking about permit backlog clearing. bnamericas.com/en/features/me… bnamericas.com/en/analysis/en… I’m unsure how the charges against Ruben Rocha Moya from the US affect things. But it shouldn’t - and Sheinbaum didn’t exactly pick a side. But the timing of that with the CIA stuff was weird …

@AJNat7 @Micro2Macr0 Thank you for sharing. More confirmation things politically have turned positive and will continue to do so for Mexican Mining. That's part of the investment thesis for me into Oroco as headwinds are now tailwinds and it is a good time to step in with the PFS on the horizon.

Who's the best follow for copper and metals? $ERO

@CraigJThomas @Micro2Macr0 This is another good one. youtu.be/RGM7v44mrXU?si…

@CraigJThomas @Micro2Macr0 youtube.com/watch?v=Ihxgsm… Little fun nugget for Oroco holders is what Faysal's coworker and CEO of Torex says about mexico mining at 21 minutes. Then John Mark Staude of Riverside asks a question (he's important)

@Micro2Macr0 Oroco Resource Corp ($ORRCF) is an interesting Junior Miner play if that is what you are looking for. I think a possible 7-10X in the next 18 months. MicroCap Explosions on YouTube has a whole playlist. That was my introduction to the company and thesis.

@TLAMB91 Oh sorry Im new here lol. Casual $50 million trade. Probably just lucky...

@AJNat7 Didn’t miss it lol

feels like crime flow on $EBAY

@ValerijDaniloff @PaperBagInvest @Lemonade_Inc @Metromile Yes I found the specifics in the 10-Q filed yesterday

@AJNat7 @PaperBagInvest @Lemonade_Inc @Metromile It is yes:

$LMND 🍋 Q1 2026 Earnings are Up! Here is the Letter to Shareholders: lemonade.com/investor-relat… I will be posting analysis here in this thread as well as doing a video this morning on it.

@Amateur_Inv Please address the sinaloa governor charges and what your expectations are for CEO + financing the remainder of the PFS.

I will cover this topic in my next video, stay tuned $OCO $ORRCF

@ASchulz888 @MadsLRosendal Lemonade Photonicsconductors might add a few hundred dollars to the share price!

@MadsLRosendal Right now it's a tough market for making money in anything that is not semis or AI infrastructure. But the market will come around. The real winners will get rewarded, and if you peel back just one layer you can see that things are getting better at $LMND, as you point out.

I am not afraid to ask hard questions, even though that does not exactly make me Mr. Popular. I have even asked hard questions to $LMND in the past. But without doing it (and hearing smart people's responses), I find it impossible to build conviction. And conviction is what it takes to back up great companies when they get unfairly "thrown under the bus." Unfortunately that is exactly what I feel happened to $LMND this quarter. They really delivered, and yet the stock got crushed. It is hard to pinpoint an exact reason (between the contemporaneous fintech blowup, an oil price spike, and some negative statements by shorts). To be crystal clear, I don't think any of these matter over any extended period of time. $LMND really delivered this quarter, and I feel their outlook is as bright as ever. Good luck to $LMND and fellow shareholders.

@energy_tech_inv market cap lower when you take out cash!

Another great $LMND quarter! I’m a happy longer term shareholder. At $56/Share and a $4.35B market cap, I believe I can purchase shares at less than half their 2026 fair value. After the Q4 2026 report, I got a conservative number of around $115 Haven’t done the math yet but after another 32% YoY growth (7.76% QoQ)…. with EBITDA losses narrowing and profitability about to inflect…. I’d have NPV/share a bit higher Customer Life Time Value (LTV) to Customer Acquisition Cost (CAC) is still 3:1 despite a ramp in OpEx.

@ASchulz888 @Ironic_Ape @RealJimChanos @shai_wininger @kidfrancescoli Per the 10-Q filed late day today^

@ASchulz888 @Ironic_Ape @RealJimChanos @shai_wininger @kidfrancescoli

I get where you are coming from. Looking only at these headline numbers, you might come to that conclusion. But one thing to keep in mind. $LMND signaled on the 4Q25 earnings call that they were seeing opportunities for high ROI investments, particularly in marketing and cross selling. Expenses did rise in 1Q26, but so did the evidence of the ROI on these investments. Marketing efficiency (defined as gross IFP added / growth spend) jumped sharply to the highest since 2Q24. And management called out a doubling in cross selling dollars Y/Y on the 1Q26 call, among other supportive anecdotes. $LMND has made it clear for a while that their objective is not to maximize their 2026 EBITDA, but rather to maximize long-term value subject to the constraint of achieving their long-term guidance target of positive EBITDA in 4Q26. The reason that EBITDA guidance was not raised more appears to be that they are doubling down on high ROI investments that shareholders should be excited about, and that will result in faster value compounding over time. But of course the associated expenses are incurred today, while the revenues accrue over the life of the newly acquired policy holders. Modeling the resulting higher growth at better unit economics (due to better marketing efficiency) yields higher, not lower profitability in future years. Maybe this could have been communicated more clearly, but the fact that $LMND is succeeding in improving marketing efficiency in an environment where many companies are struggling with this exact problem (due to changes in Google search, LLM impact, rising social media costs, ...) is a material positive. I get that the current market is a "shoot first, ask questions later" environment, so maybe you are right and headlines are more important than underlying economics for now (except perhaps in a few semis / AI infrastructure companies). And the stock traded as you suggested yesterday, so kudos to you. But in my opinion the long-term story for $LMND got better with this earnings report, not worse.

They have immediate and full control over the locations of policies sold. As the book spreads across lower cat risk spaces (statistically speaking), they can reinsure less, boost profits and actually reduce risk. Growth helps disperse risk! Remember Dan mentioned a conversation with an executive from a large insurance company who pointed out over concentration along the coast. Put guardrails into the biz OVERNIGHT

this is not true, lmnd mgmt has said many many times they have derisked out of higher risk prone areas and are being selective w roll out of products. just look at car, slow roll out to certain areas. this has been known but you are bio so dont expect anything else $LMND

@PaperBagInvest @Lemonade_Inc @Metromile Is there more information on this? I hope performance based? Otherwise this is not right to do pre-profit

@Lemonade_Inc @Metromile Okay, so this OpEx rise is largely due to an increase in stock based compensation. It will be interested to see how it stabilizes.

@Gubloinvestor @MitchMartan98 @aleabitoreddit Don’t respond to him! Gublo had LMND puts!

@MitchMartan98 @aleabitoreddit which one?

Found a stock that @aleabitoreddit brought to my attention (shocker) but still seemingly no one cares about it or can buy it due to the exchange its on. Already trading in its bear case range with 200% upside pretty easily. Going to post about it after I do more DD

@PaperBagInvest @Lemonade_Inc I have patreon Ill watch now! Should've checked there first

@AJNat7 @Lemonade_Inc It’s on my Patreon already. Will make public this weekend. Likely Friday evening.

Good post by Adina, @Lemonade_Inc’s COO, about operating through war times. And this nice nugget that 98% of new code is written by AI! $LMND

@juiceboxlines Hopefully enough alpha to get us out of this SaaS ai-disruption vortex.

What are we expecting next week in the print $LMND ?

@DomienVdE @nikitabier To Reddit we go??

The $LMND community is my prime reason for using X. It feels like a family. It has allowed retail investors to organize, share insights and rally behind a small company, just like with Tesla back in the day. We are a true community. Please don’t rip us apart. We are very worried we will lose our network and the valuable content that was posted in the community (and specifically created for this community!) x.com/i/communities/…

Today we're announcing two product changes for organizing communities on X: 1. XChat now supports joinable links for groupchats. Create a public link & share direct to Timeline. With support for 350 members per chat (and growing), Groupchat Links are the fastest way to bring people together on X. 2. Due to declining usage, we're deprecating X Communities on May 6. To migrate your Community's members, pin your groupchat link so people can join it over the next 2 weeks. This is part of our broader effort to simplify the experience on X. Make no mistake: we are investing heavily in niche communities with the launch of Custom Timelines—and much more to come.