GP Capital

Soma gold: The CEO wanted by Interpol and $6000 AISC

From international arrest warrants to "Moving Goalposts". The truth behind the social media hype.

May 7 • Gp

9

4

April 2026 Summary & Outlook

Paper assets melt up. Physical reality hits the wall.

May 5 • Gp

9

4

3

Minera Alamos: The 450% self-funded production growth

Highest production CAGR in the sector trading under 0.3xNPV

May 1 • Gp

23

2

4

April 2026

Cerrado Gold: 2x FCF and 0.2x NPV

Producing in a world-renowned district with massive development upside. 10,700 words on why veteran management and a 79% discount to NPV make this one…

Apr 21 • Gp

16

7

5

Orvana Minerals: 1xFCF 2026E with massive exploration upside

My largest holding which is balancing stable multi-jurisdiction production with a potential Tier 1 discovery in the heart of Argentina’s most prolific…

Apr 10 • Gp

21

10

12

The March Review: War Trades, Liquidity Squeezes, and The Next Move

The Mechanics of Global Chaos: Why I Trimmed Miners, the Case for a Silver Snap-Back, and Your Guide to the Post-War Infrastructure Transfer

Apr 2 • Gp

9

1

1

March 2026

The Iran War Trade: My playbook.

Introduction and The Geopolitical Thesis

Mar 21 • Gp

11

2

1

400% Growth, Net cash, and <2xFCF 2027E: The Most Asymmetric Bet in Mining

Let be honest: the junior mining sector is a capital incinerator.

Mar 8 • Gp

24

3

6

1x Free Cash Flow: The Mispriced Gold Producer Backed by Argentina’s Most Powerful Man

By GP’s Capital Research

Mar 4 • Gp

16

3

2

February 2026

The Santacruz Turnaround: Operational Alpha in an Overlooked Silver Giant

The Santacruz Squeeze—Diversified Value and Operational Alpha

Feb 25 • Gp

12

7

5

The great silver illusion: Why the paper crash is a physical Gift.

Navigating the gap between paper illusions and physical reality.

Feb 24 • Gp

5

November 2025

Transocean and the deepwater inflection: When supply discipline meets structural demand

Premium Fleet, Constrained Supply, and the Global Exploration Resurgence

Nov 2, 2025 • Gp

30

19

6