Augusta Gold (TSX: G) Dip to $1.19 Won't Last

Augusta Gold (TSX: G)'s dip today to $1.19 per share will not last.

When Augusta Gold (TSX: G) was initially formed four years ago, management paid $1.20 per share in cash for their initial stake in the company... and there was no Beatty Gold District back then.

All Augusta Gold (TSX: G) owned was its past producing Bullfrog Gold Project as a standalone gold project. Augusta Gold (TSX: G) didn't own its fully permitted Reward Gold Project located a few miles away.

AngloGold Ashanti (AU) has spent a total of US$600 million (at much lower gold prices) to acquire the North Bullfrog Gold Project directly adjacent to Augusta Gold (TSX: G)'s Bullfrog Gold Project and the Sterling Gold Project directly adjacent to Augusta Gold (TSX: G)'s Reward Gold Project.

In addition, AU made Nevada's largest gold discovery in 15 years at Silicon+Merlin thereby turning Beatty into a 19.5 million oz gold district making it America's last remaining undeveloped Tier 1 gold district.

Augusta Gold (TSX: G) is currently being sold to the highest bidder and its office is closing on January 1st.

Augusta Gold (TSX: G)'s oxide gold resources are about equal in size to the oxide gold resources that AU paid US$600 million for when it acquired North Bullfrog and Sterling.

Augusta Gold (TSX: G) Executive Chairman Richard Warke added massively to his G position at $1.33 per share last year. Most Augusta Gold (TSX: G) shareholders paid between $1.71 and $2.25 per share for their positions, which is where the company did its financings.

Augusta Gold (TSX: G) is likely to be acquired next month for a minimum of $3 per share but possibly as high as $6 per share.

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. This message is meant for informational and educational purposes only and does not provide investment advice.