For a gold company like Augusta Gold (TSX: G) that already has massive gold resources and is advancing towards production at both of its projects, the #1 biggest possible catalyst that can possibly happen to the stock would be the world's fourth largest gold miner AngloGold Ashanti announcing next month that they are constructing North Bullfrog and bringing it into production. It would instantly send Augusta Gold (TSX: G) up by 50%-100% in a matter of days (G will gain well over 100% next month if gold hits new all-time highs) because G's Bullfrog contains the only gold deposits directly adjacent to AngloGold Ashanti's North Bullfrog gold deposits.
AngloGold Ashanti's largest and highest-grade gold deposits are at Silicon and Merlin, which are next to Augusta Gold (TSX: G)'s fully permitted Reward gold deposits!
Read an article about how AngloGold Ashanti is likely to approve North Bullfrog next month by clicking here!
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 224,200 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.