Yesterday, gold gained by $13.70 per oz to settle at $1,233.90 per oz! This morning, gold's major short squeeze rally is continuing in a BIG way with gold up another $6.80 to $1,240.70 per oz!
On Thursday, November 22nd at 3:15PMEST, NIA announced Fiore Gold (TSXV: F) at $0.23 per share as its #1 stock suggestion for 2019. (NIA's five previous #1 stock/option suggestions for the following year achieved an average gain at their highs of 523.21% from NIA's suggestion prices!)
On Monday, November 26th at 12:45PMEST, NIA sent out an important follow-up alert discussing how Fiore Gold (TSXV: F) is backed by Frank Giustra. (NIA in recent years suggested two previous Giustra deals and BOTH of them became HUGE winners for NIA members - achieving an average gain of 502.99% in an average time period of less than five weeks!)
When NIA sent out its Fiore follow-up alert on Monday, November 26th at 12:45PMEST, the stock was trading at $0.30 per share. Over the following few hours, Fiore rallied to a high of $0.38 per share before closing at $0.355 per share.
After seeing a healthy dip late last week down to a Friday closing price of $0.285 per share, Fiore soared by $0.06 or 21.05% yesterday to close at $0.345 per share. With gold continuing to rally big this morning, Fiore could be ready to test its November 26th high of $0.38 per share, which has also become Fiore's key breakout point! Fiore currently has a 14-day relative strength index of only 58.69, which means it is no where close to being overbought!
When Fiore surpasses its key breakout point of $0.38 per share, it could easily explode to $0.50 or higher within the following few trading days, in NIA's opinion!
Fiore needs to hit $0.49 per share just to reach its book value! Remember, Fiore's producing Pan Gold Mine, fully permitted adjacent Gold Rock project, and Chile exploration assets - are only receiving total value on Fiore's balance sheet of $23.2 million. Approximately $200 million has been spent over the past decade exploring and developing Fiore's Pan Gold Mine, but the balance sheet doesn't reflect this because Fiore purchased it at a dirt-cheap price in bankruptcy court from the previous overleveraged owner that had massive short-term debts and ran out of cash just prior to the mine entering production! Fiore is completely debt free with $0.235 per share in working capital!
A valuation for Fiore of $200 million would equal a share price of over $2!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.