NIA's #1 overall stock suggestion for 2020 Ascot Resources (TSX: AOT) is getting ready to explode in the upcoming days/weeks. Over the past decade, AOT's long-term key breakout point has always been its 200-day moving average. AOT surpassed its 200-day moving average of $0.67 per share earlier today and is currently up by $0.03 for the day to $0.69 per share!
After AOT surpassed its 200-day moving average in February 2010, it exploded by an additional 167% within eleven weeks.
After AOT surpassed its 200-day moving average in October 2012, it exploded by an additional 40% within ten weeks.
After AOT surpassed its 200-day moving average in January 2014, it exploded by an additional 34.15% within one month.
After AOT surpassed its 200-day moving average in July 2014, it exploded by an additional 155.56% within six weeks.
After AOT surpassed its 200-day moving average in June 2016, it exploded by an additional 157.27% within three months.
After AOT surpassed its 200-day moving average in December 2018, it exploded by an additional 34.15% within two weeks
Yesterday evening, Mining.com ranked the Top 10 lowest cost gold projects under development worldwide and AOT's Red Mountain was ranked the #9 lowest cost gold project with projected all-in sustaining costs (AISC) of only $611 per oz of gold! Click here to see for yourself!
Red Mountain is only 1 of 4 high grade gold deposits that will supply ore to AOT's Premier Mill. Beginning next week and continuing into the first week of 2020, AOT is expected to release 3 separate resource updates for its three main gold deposits that are located adjacent to its Premier Mill: Premier/Northern Lights, Big Missouri, and Silver Coin!
After reporting extremely strong infill drilling results in recent months, NIA is extremely confident that AOT's 3 resource updates set for release beginning next week will upgrade a significant part of their inferred gold resource into the measured & indicated category. After AOT releases its Premier Gold Mine feasibility study in 1Q 2020, all economically viable measured & indicated gold resources will become proven & probable gold reserves!
We expect AOT's 1Q 2020 feasibility study to project annual gold production of approximately 200,000 oz.
NIA's President has purchased 150,000 shares of AOT in the open market. 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.
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