Antimony stocks made massive gains today after China banned exports to the U.S. with Military Metals (CSE: MILI) gaining by 21.35%, United States Antimony (UAMY) gaining by 37.86%, and Perpetua Resources (PPTA) gaining by 17.28%.
It's actually a little concerning these antimony stocks weren't up much more today considering how much dollar volume they each traded.
Augusta Gold (TSX: G)'s share structure is so tight if it trades a tiny fraction of the dollar volume of these companies it would gain by 100%-200% in a single day.
Remember, AngloGold Ashanti (AU) paid US$150 million or CAD$211 million for the Sterling Gold Project alone back when gold was only $1,650 per oz and all it has is 850,000 inferred oz. Augusta Gold (TSX: G)'s directly adjacent Reward Gold Project is the only fully permitted gold project ready for construction in the Beatty Gold District and it has proven/probable reserves! All together Augusta Gold (TSX: G) has 1,920,000 total resource oz in America's last remaining Tier 1 gold district! The market is valuing Augusta Gold (TSX: G) at a price that is less than Sterling and the sale could occur any day now!
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. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. NIA has received compensation from MILI of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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