Idaho Strategic Resources Inc

Distribution phase persists with price chopping under declining EMAs. Short-term EMAs are acting as resistance and rallies continue to fail, confirming Stage 3 distribution. Medium-term tradable side is bearish, and short-term conditions favor selling into rallies now. We will sell now on any bounce into the EMA zone, in line with speculative discipline.

• ↑High growth potential from gold and rare earth exploration
• ↑552% three-year total shareholder return highlights track record
• ↓Forward P/E of 21x vs 11x industry average signals overvaluation