G was originally suggested by NIA on April 6th 2022 at $1.23 per share.
G remains our #1 favorite gold stock today and we believe its largest gains are likely to occur over the next few months.
Augusta Gold's largest shareholder is billionaire Richard Warke who is a partner in Fenway Sports Group along with Lebron James. Previously, Richard Warke's Wildcat Silver/Arizona Mining became NIA's largest gaining mining stock of all-time!
Richard Warke is one of the most successful executives in the history of gold/silver/copper mining & exploration. Richard Warke decided to name Augusta Gold after his firm called the Augusta Group of Companies. This isn't the first time Richard Warke has named a resource company after his firm. Previously, Richard Warke created a copper company called Augusta Resource Corporation. In 2014, Augusta Resource Corporation was acquired for $667 million providing a 3,300% return for early investors.
Afterwards, Richard Warke created Wildcat Silver, which NIA suggested as its #1 top overall pick for 2015. Following NIA's suggestion of Wildcat Silver, the company changed its name to Arizona Mining and in 2018 it was acquired for $2.1 billion in cash. Arizona Mining was acquired at a price that was 1,575% above NIA's suggestion price. Arizona Mining's earliest investors earned a 6,100% return.
Richard Warke's first gold company was called Ventana Gold and in 2011 it was acquired for $1.6 billion providing a 12,960% return for early investors.
Most recently, Richard Warke took the copper company Solaris Resources (TSX: SLS) public on July 14, 2020, at $1.50 per share. SLS hit a new all-time high on December 31, 2021, of $17.17 per share for a gain of 1,044.67% in less than 18 months.
Most of Richard Warke's SLS investors who have profited over $1 billion since its mid-2020 IPO at $1.50 per share have no idea yet that Richard Warke's Augusta Group has taken control of Augusta Gold (TSX: G) as their brand-new gold company, but SLS CEO Daniel Earle has been investing big into G with open market purchases!
Richard Warke is also a co-founder of Equinox Gold (TSX: EQX) a $2.8 billion market cap company. Prior to co-founding EQX, Richard Warke created a company called Catalyst Copper, which later became NewCastle Gold and then merged with two other companies to form EQX. Catalyst Copper's initial shareholders who held on as the company became NewCastle Gold and EQX are currently up by 1,300% but at EQX's all-time high they had a peak total return of 4,385.71%!
In recent days, weeks, and months... Richard Warke has been a huge buyer of Augusta Gold (TSX: G) shares in the open market, purchasing a total of 186,300 shares so far in 2022. Click here to see for yourself!
The world's second largest gold miner Barrick Gold (GOLD) owns 9.1 million shares of Augusta Gold (TSX: G) making Barrick the second largest G shareholder.
America's 53rd House Speaker John Boehner recently joined Augusta Gold (TSX: G) as a member of its Board of Directors.
As you know the Speaker of the House is the second most powerful position in the U.S. Government and second in the presidential line of succession behind the Vice President. There isn't a gold company in America that wouldn't want to have Boehner on their Board of Directors.
The world's fourth largest gold miner AngloGold Ashanti (AU) has been acquiring/consolidating the Nevada gold projects surrounding G's Bullfrog Project! G's Bullfrog Project includes the past producing Bullfrog Mine, which previously produced 2.3 million oz of gold during the 1990s! G has been rapidly growing its Bullfrog measured & indicated gold resource, which now exceeds 1.2 million oz of gold!
Bullfrog is located on the Walker Lane Trend of Nevada, which represents America's biggest new gold rush where the world's largest billion-dollar gold miners are rushing to acquire/consolidate all of the highest quality gold projects with large gold deposits. Augusta Gold (TSX: G) is the only remaining low market cap publicly traded gold explorer in the Southern portion of the Walker Lane Trend that owns a massive past producing gold deposit with a current 43-101 gold resource and hasn't yet been acquired at a huge premium by a billion-dollar gold miner.
Augusta Gold (TSX: G)'s late-2021 drilling program at Bullfrog was extremely successful, and G has already increased its measured & indicated gold resource to a level 2.3X higher than where it was one year ago!
Augusta Gold (TSX: G) has just acquired the fully permitted Reward Gold Project, which is shovel ready for production and has a measured & indicated gold resource of 426,700 oz grading 0.75 g/t gold! G will be bringing the Reward Gold Project into production while it is completing the permitting at its adjacent Bullfrog Gold Project!
NIA has obtained a copy of a 2012 preliminary economic assessment (PEA) report for the fully permitted Reward Gold Project in Nevada that Augusta Gold (TSX: G) has just acquired at a total cost of US$45 million.
G practically stole the Reward Gold Project from the world's third largest private equity mining fund, which has received redemption requests from investors and is being forced to unload assets for pennies on the dollar.
According to the 2012 PEA report:
The initial CAPEX to develop the Reward Gold Project and bring it into production is estimated to be US$34.5 million and construction will take only nine months.
At $1,600 per oz gold the after-tax Net Present Value (NPV) of the Reward Gold Project using a 5% discount rate is US$116 million.
The Reward Gold Project NPV increases by US$15.8 million for every $100 per oz increase in the price of gold.
This means that at $1,800 per oz gold, the NPV of the Reward Gold Project is an estimated US$147.6 million or 4.28X higher than initial CAPEX. G has just acquired Reward at a 70% discount below its NPV!
G expects construction of the Reward Gold Mine to begin in 4Q 2022 with gold production to begin in 3Q 2023!
G expects construction of the Bullfrog Gold Mine to begin in 1Q 2024 with gold production to begin in 4Q 2024!
Ever since Augusta Gold (TSX: G) announced its deal to acquire Reward a few weeks ago, G's competitors in Nevada with multi-billion-dollar market caps have been going CRAZY trying to figure out who in their company to blame for not knowing about the opportunity to acquire Reward at such a distressed artificially low price!
Augusta Gold (TSX: G)'s Executive Chairman Richard Warke wants to own as many G shares as possible, because after building tremendous value he will most likely sell the company to either the adjacent multi-billion-dollar gold miner that is rapidly consolidating the entire region AngloGold Ashanti (AU) or G's second largest shareholder Barrick Gold (GOLD). Throughout the 1990s, Barrick was the owner/operator of G's Bullfrog Gold Project and Barrick successfully produced approximately 200,000 oz of gold per year from Bullfrog!
Not only does G have Richard Warke as its Executive Chairman and largest shareholder who is a self-made billionaire with a 100% perfect track record of success, but G's CEO Donald Taylor previously discovered the world's largest zinc deposit the Taylor Deposit back when he led Arizona Mining, which became NIA's #1 most successful mining stock of all-time gaining more than 1,575% from NIA's suggestion price during a time period of declining zinc/silver prices.
Only a small group of billionaires like Elon Musk and Richard Warke have proven their ability to repeat their success over and over and over again with every company they start always becoming a HUGE winner! If you don't invest into G now you will most likely invest into G later, but at a MUCH higher price!
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. NIA's President has purchased 174,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
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