The current market cap of Augusta Gold (TSX: G) is CAD$71.32 million or USD$51.6 million.
We know that a buyout or some type of strategic transaction is coming. It most likely sells for $3-$5 per share in cash is our guess assuming it occurs this year.
The Reward Project alone is now worth close to US$200 million (based on a Feasibility Study) and Bullfrog has more than triple the gold resources!
AngloGold Ashanti (AU) paid US$150 million for the Sterling Project directly adjacent to Augusta Gold (TSX: G)'s fully permitted Reward+Gold Ace gold deposits and the fully permitted Sterling oxide gold open pit deposit only contained an inferred resource of 231,000 oz. An inferred resource isn't proven to be economical for production!
Augusta Gold (TSX: G)'s fully permitted Reward Project (formerly owned by Waterton) contains a proven & probable reserve of 370,000 oz! It is a far more valuable and higher quality asset than Sterling!
Augusta Gold (TSX: G)'s past producing Bullfrog Project (formerly owned by Barrick) previously produced 2.3 million oz of gold and contains more than triple the gold resources of Reward!
We took the following from a 2017 presentation of Northern Empire Resources prior to it being acquired by Coeur Mining and later acquired by AngloGold Ashanti so that you can see what exactly AU paid US$150 million for and how it is directly adjacent to Reward+Gold Ace:
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.
Preparing Americans for Hyperinflation
