Kevin Hickey

Iran was trying to use the North Korean model to get a nuke: create sufficient conventional deterrence so you won’t be challenged in acquiring one (it’s called the Seoul Hostage Problem). This has been explained over and over since day one. Everyone claiming shifting goalposts or no imminent threat has been lying. The reason North Korea was allowed to get nukes is because Seoul (and its 10 million inhabitants) is within artillery and rocket range of North Korea. During the 1994 nuclear crisis, the Clinton administration seriously considered airstrikes on North Korea’s Yongbyon reactor but backed off precisely because of the artillery threat to Seoul. Iran was trying to accomplish the same by stockpiling missiles and drones which would have had the same deterrent effect. The proof is what Iran has been doing in the past month: attacking all its neighbors in order to pressure the US to stop attacking it Beyond this, they were building medium-range ballistic missiles that could reach Paris and London, meaning all of Europe could be held hostage as they built a nuclear bomb. The reason Iran has not built a nuclear weapon until now is not because it couldn’t, but because it knew it would be attacked and denied this capability. So by allowing them to continue developing this conventional deterrence, you would be allowing Iran to get a nuclear weapon. And unlike North Korea, Iran is led by an eschatological death cult Reagan saw nuclear mutually assured destruction (MAD) as both morally bankrupt (because of the innocent-body-count problem) and dangerously fragile because it assumed flawless rationality between adversaries…this means it only takes one irrational actor to destroy the world. Working backwards from the conclusion that Iran’s Islamist regime must never have a nuclear weapon, it was necessary for the US to attack Iran to deny it the conventional capacity to hold the entire eastern hemisphere hostage. Every European leader knows this and behind the scenes praises the US for this action. But they are cowards, held hostage by their own internal Muslim populations, and so adopt these ridiculous public positions. This was never about Israel. And if your argument is that Iran should be allowed to get a nuclear weapon then you are a fool and a traitor to western civilization…you’re a useful idiot

So far, five Iranian female soccer players are being death-marched back to Iran after their family members were disappeared by the regime. Weird, I didn’t see any Hollywood pins at the Oscars for them.

"Some were suicidal. Others could barely speak" Dr. Orli Peter @orlipeter, psychologist who is helping Nova survivors, in an open letter to Mamdani's wife: "Dear Ms. Rama Duwaji, You publicly liked social media posts describing the Oct. 7, 2023 attack on Israel by Hamas as “collective liberation.” You also placed a heart next to an Instagram post claiming that the reports of mass rapes on Oct. 7 were a “hoax.” For the past two and a half years, I have been treating survivors of October 7, helping them slowly rebuild shattered lives and broken nervous systems. Some were suicidal. Others could barely speak. Some of the people sitting across from me in therapy had witnessed rapes and executions so brutal that their nervous systems simply shut down. Words stopped working. These people did not simply survive war. They survived mass and socially sanctioned sadism. Subsequent investigations by journalists, forensic teams and international bodies documented widespread sexual violence that day. Families were burned alive. Festival goers hunted down, raped and then executed. Hamas terrorists documented much of the violence themselves: one attacker used a victim’s phone to call his parents and brag that he had killed 10 Jews with his own hands; and you surely saw the footage of Shani Louk, whose body Hamas fighters paraded through Gaza in the back of a truck while crowds spat and celebrated. Survivors of the Nova festival have also described militants laughing as they hunted festivalgoers hiding in the fields. These were not acts carried out in secrecy. They were recorded, boasted about and, in some cases, carried out with visible pleasure. These were not only acts of murder. They were staged performances of cruelty. This was not violence used as a means to an end. It was violence relished for its own sake. That is the socially sanctioned mass sadism my patients are still haunted by, superimposed on everything they see. Once that sadism becomes undeniable, the narrative has a problem. Mass murder can still be reframed as resistance. Rape cannot. It exposes the cruelty too clearly, so it has to be denied. That denial carries consequences not only for the survivors I treat but for Palestinians as well. Refusing to confront the mass sadism of Oct. 7 keeps Palestinians trapped under the same violent movement that terrorizes them. Hamas has long brutalized its own population. Human Rights Watch and Amnesty International have documented torture, arbitrary detention, and killings of Palestinians accused of dissent or collaboration, and journalists have reported Hamas beating and arresting Gazans who protest its rule. This is what authoritarian movements do. Cruelty outward. Repression inward. As New York City’s first lady, you are in a public position to inspire a movement for Palestinian rights and safety. The survivors I treat are still trying to rebuild their lives after what they witnessed. Palestinians deserve to be free from the same sadistic movement that terrorizes them as well. Public gestures matter. When someone in a position of influence treats atrocity as liberation, the signal travels far beyond a social media post. The evidence is clear. Admit that you were wrong and withdraw your support for the lie. Some of us spend our days helping survivors rebuild the lives that Hamas shattered. The least the rest of the world can do is stop sanitizing mass sadism and tell the truth about what was done to the victims of Hamas’ cruelty. ".

@StandUpForTrmp @UkandNireland A

ZERO leaks. NO idea of President Trump’s plan. A HUGE shoutout to Pete Hegseth. Great Job 🇺🇸 How would you rate your level of support for Pete Hegset? A. Very Strong Support (100%) B. Strong Support (75%) C. Moderate Support (50%) D. Limited Support (25%) E. No Support (0%)

To any future historians reading this, this era will make a lot more sense if you remember that every name is the opposite of what it really is. The antifascists are fascists, the antiracists are racists, the fact-checkers are propagandists, etc. Hopefully this has been fixed by your time.

Class action lawsuits have become FUNDRAISERS for the left. Don’t believe me? Just look at the recent $62M Google settlement. Not a single penny of that went to the victims. Millions, however, went to lefty groups like:

The 10 year treasury is flirting with sub 4%. Mortgage rates fell below 6% for 1st time in 3 years. Inflation per truflation is below 1% Unemployment is less than expected and around 4.3% The budget deficit is lower than expected Income tax returns are running 15% higher than last year. The stock market is flirting with record highs Company profits are at records Net migration is negative The southern border is secure Foreign investment at record highs due to tariffs. Prescription drug prices are falling thanks to Trump's MFN State farm is reducing auto insurance premiums by 10% Home prices are falling. Consumer spending is steady Grocery prices are steady or falling Gasoline is below $2.50 in many states Wages are increasing Cartels are imploding Illegal truck drivers are being cleared from the road. Crime is down. Military recruitment is at record highs. Corruption is being addressed. Stop dooming, if you are, the present is great and the future looks even better.

First of all I would like to thank you for making this test a reality. I think it will save many thousand or even millions of people from late stage cancer over the next 10 or 20 years, and your hard work should be recognized. Once I read the NHS study I ordered tests for my wife and myself. We are both around 60 years old and in very good health. We plan to take the test every year. We have numerous friends and relatives who have died from cancer that was not detected until a late stage and that is not an experience I would like to suffer. The cost of $800 seems reasonable compared the huge cost and pain of treating late stage cancer. If we tested everyone every year I am sure the cost would drop to under $100, maybe even under $50, which I am sure would result in lower overall medical costs and longer lifespans / health spans, by reducing expensive late stage cancer treatments. So the NHS took 2 groups of people A and B, and tested A every year to find maybe 90% of all cancers, and they did not test group B at all. At the end of 3 years both groups may have a similar number of KNOWN stage III / IV cancers, but group A will have very few undetected stage III / IV cancers , whereas B will have a lot more undetected stage III / IV cancers. What needs to be done is to run the test for another 1 year, and test group B with the Galleri test as soon as possible. No doubt it would find lots of cancers in group B, including a lot of additional undetected stage III / IV cancers. When these results are analyzed I am sure it would prove Group A had a statically meaningful reduced number of stage III / IV cancers compared to group B

Hear, hear ! Thanks, Rowan

@JakeCan72 This man should be elected mayor of Chicago !!!!!

I’ve watched a lot of city council public comments. Most are forgotten before the mic is handed back. Not this one. A Black Chicagoan — no title, no camera crew, no backing — walked up to that podium and delivered the most important 3 minutes of Chicago politics this year. And he did it without raising his voice once. That’s what made it devastating. While politicians spin numbers and dodge questions, this man came with receipts. A property tax promise made to win votes — then quietly broken. Crime statistics that look cleaner on spreadsheets than they feel on the streets where his neighbors actually live. A city carrying tens of billions in long-term debt while laying off the workers who keep Chicago running. Hundreds of millions in spending decisions never put to real public debate. He said all of it like a man who had been paying attention for a long time and finally decided enough was enough. The room got quiet. Because the truth has a sound. Watch the full video. Then send it to someone who needs to see it.👀 #Chicago #Accountability

An Israeli Arab SHOCKS the interviewer: "I'm an Arab Israeli. Israel is my country. I'm fighting for my country. Israel gives me freedom of religion and speech. Why would I fight Israel? I’m a proud Arab Israeli. I'll fight Hamas." This MUST go viral.

1/7 🚨 BREAKING: The U.S. State Department just filed a sworn record in federal court calling the UK-based Center for Countering Digital Hate (CCDH) and its CEO Imran Ahmed 'a key collaborator with the Biden administration on weaponizing the national security bureaucracy to censor U.S. citizens.'" Not our words. The government's. Certified under penalty of perjury. Signed by Secretary Rubio personally. Here's what this means for every American. 🧵👇

Seabridge Gold's Snip North (Iskut Project) is shaping up as a major Cu-Au porphyry discovery in BC's Golden Triangle. Key highlights from 2024-2025 drilling: Large system: ~2,100m strike × 700m width × 600m depth (still open) Consistent broad intercepts averaging ~0.60 g/t Au & 0.14% Cu Conceptual maiden inferred resource estimate (pre-official, early 2026 expected): 800–1,200 Mt @ 0.55–0.65 g/t Au, 0.12–0.16% Cu Contained: 15–25 Moz Au + 2.2–4.2 Blb Cu (20–28 Moz AuEq) NPV₅% at current prices (Au $4,500/oz, Cu $5.50/lb, post-tax, 5% discount): Assumptions: $4–6B capex, $15–20/t opex, 60–100 ktpd, 85–90% recoveries, 20–35 yr life Potential NPV₅%: US$10–20 billion Highly conceptual but at these prices the margins are massive and the project would rank as a world-class undeveloped asset. Significant upside if higher-grade core is hit. Seabridge except to release a maiden resources report in Q1 2026 #SeabridgeGold #Gold #Copper #Mining $SA

@XFreeze The best part is no noise and no diesel fumes which cause cancer and asthma.

Tesla Semi's total cost of ownership destroys diesel economics • Electricity costs 60-70% less than diesel per mile • Near-zero maintenance (no diesel aftertreatment, fewer moving parts) • Remote diagnostics = maximized uptime • OTA updates = continuous improvements • Operators will spend less time at service centers and more time on the road The numbers: • Electricity: $0.15-0.25/mile • Diesel: $0.50-0.70/mile Fleet operators achieve positive ROI before their standard diesel replacement cycle

Elon Musk: You can tell which side is the good side and which side is the bad side by which side wishes to restrict freedom of speech The side that is restricting freedom of speech you know, that would have been the Hitlers, Stalins, and Mussolinis of the world They had very strong censorship, very strong restrictions on speech. That’s one of the signs that they’re the bad guys In fact, a restriction on speech and large government is fundamentally fascist, obviously. So ironically, in pushing for censorship, it makes it very clear that the left is the side that is against freedom Freedom of speech is simply one of many freedoms that we should have as a civil society because ideas should win on the strength of their arguments. They should not win because they are suppressed

🚨 ELON JUST DROPPED THE BOMB: The Most Powerful Video EVER Exposing Decades of Democrats Saying THE EXACT SAME THING About Illegal Immigration That Republicans Say NOW! Borders secure. Enforce laws. No amnesty. Sound familiar? Democrats used to AGREE... until they realized open borders = more voters + permanent power. What changed? NOTHING except their thirst for control. Watch this and tell me it doesn't make your blood boil 😡🇺🇸 @elonmusk nailed it again. Hypocrisy exposed! #DemocratHypocrisy #BorderCrisis #IllegalImmigration #ElonMusk #MAGA

xtrapolating beyond US$2,500/oz (using a conservative marginal NPV increase of ~US$0.8 million per US$1/oz rise in gold price, accounting for taxes and diminishing marginal returns), the estimated after-tax NPV5% at US$5,085/oz is approximately US$3.2 billion. This assumes linear scaling of operating margins above AISC, adjusted for Canadian mining taxes (~35% effective rate post-deductions). Valuation Methodology To determine Valor Gold’s potential market value, I applied a price-to-net asset value (P/NAV) multiple, a standard metric for pre-production gold developers. Current industry averages for PFS-stage gold projects range from 0.4x to 0.6x NAV (calculated at spot metal prices), reflecting risks such as permitting, financing, and execution. Recent takeout multiples for developers average 0.58x NAV since 2023, while trading multiples can be lower for new listings. • Base Valuation: At 0.5x P/NAV (midpoint of developer peers), Valor Gold’s implied market cap is ~US$1.6 billion. • EV per Ounce: This equates to ~US$145/oz on M&I resources (11.0 million oz), a reasonable figure in the current high-gold-price environment (comparable to peers like Mayfair Gold, trading at ~0.46x its base NAV with a market cap of ~US$300 million). • Upside/Downside Scenarios: • Bull Case (0.6x P/NAV, reflecting bullish gold sentiment and exploration success): US$1.9 billion market cap. • Bear Case (0.4x P/NAV, if financing challenges or market volatility arise): US$1.3 billion market cap. • Adjustments: Added negligible value for the C$10 million cash (~US$7 million). No debt assumed post-spin-out. Exploration upside (e.g., satellite deposits) could add 20-30% to NAV if incorporated into future studies. Comparables like Integra Resources (trading at 0.46x consensus NAV vs. peer average of 0.88x) suggest re-rating potential as Valor advances toward feasibility and production. Seabridge’s current market cap of ~US$3.8 billion primarily reflects its flagship KSM gold-copper project, with analysts noting minimal attribution to Courageous Lake pre-spin-out. Conclusion and Recommendation Valor Gold represents a compelling pure-play gold development story in a Tier-1 jurisdiction, with leveraged exposure to elevated gold prices. My target valuation for Valor Gold is US$1.6 billion (market cap), implying significant unlocked value for Seabridge shareholders upon completion of the spin-out. This could translate to ~US$15-16 per Valor share (assuming ~102 million shares issued, mirroring Seabridge’s structure). Risks include regulatory approvals, gold price volatility, and capex funding needs (~US$750 million initial), but the project’s low AISC and high-grade profile position it well for M&A interest in a consolidating sector. This analysis is based on data as of January 26, 2026

Valuation Analysis: Valor Gold Spin-Out from Seabridge Gold (NYSE: SA / TSX: SEA) I asked Grok to value Valor Gold and it calculated $3.2 B NPV5%, which is close to the market cap of Seabridge. This is the full response:n As a Wall Street analyst specializing in precious metals and mining equities, I’ve evaluated the proposed spin-out of Valor Gold from Seabridge Gold based on publicly available data, including the 2024 Preliminary Feasibility Study (PFS) for the Courageous Lake project, current gold market conditions, and comparable developer valuations. The spin-out, announced in December 2025 and expected to be voted on by shareholders in June 2026, aims to separate Seabridge’s Courageous Lake gold project into a standalone entity (Valor Gold) to unlock embedded value not currently reflected in Seabridge’s share price. Valor Gold is anticipated to list on the TSX Venture Exchange and potentially the OTCQB, with an initial cash infusion of C$10 million (~US$7.4 million at current exchange rates) from Seabridge. Overview of the Spin-Out and Key Assets Seabridge Gold plans to transfer its 100% ownership of the Courageous Lake project (located in Canada’s Northwest Territories) to Valor Gold via a court-approved plan of arrangement. Shareholders of Seabridge will receive pro-rata shares in Valor Gold, likely on a 1:1 basis given the structure (Seabridge has approximately 102 million shares outstanding as of January 2026). The project spans a ~500 km² land package with significant exploration upside, as less than 15% has been drilled to date. • Resources and Reserves: Courageous Lake hosts Measured and Indicated (M&I) resources of 11.0 million ounces of gold (145.2 million tonnes at 2.36 g/t Au), plus 3.3 million ounces in Inferred resources (40.6 million tonnes at 2.52 g/t Au). Proven and Probable reserves stand at 2.8 million ounces (33.9 million tonnes at 2.61 g/t Au), positioning it as one of Canada’s largest and highest-grade open-pit gold projects. • Additional Potential: Includes the Walsh Lake satellite deposit (Inferred: 0.6 million ounces at 4.18 g/t Au) and opportunities for high-grade, near-surface discoveries to enhance economics. The project benefits from a veteran leadership team, with Mark Ashley appointed as Valor Gold’s CEO, and focuses on advancing through exploration, engineering, and permitting. 2024 PFS Highlights and Economic Sensitivities The 2024 PFS outlines a robust open-pit operation with a 12.6-year mine life, processing 7.5 ktpd (2.7 million tonnes annually), and total payable gold production of 2.5 million ounces (average 201 koz/year, peaking at 250 koz/year in the first five years). Key metrics at the base-case gold price of US$1,850/oz include: • After-tax NPV (5% discount): US$523 million • IRR: 20.6% • Payback Period: 2.8 years • All-in Sustaining Costs (AISC): US$999/oz (lowest quartile globally) • Initial Capex: US$747 million (sustaining capex: US$293 million) Gold prices have surged significantly since the PFS base case. As of January 26, 2026, the spot gold price is approximately US$5,085/oz. The PFS includes a sensitivity analysis showing substantial upside at higher prices: