Augusta Gold (TSX: G) basically bought a call option in mid-2022 on rising gold prices:
They paid a premium of US$50 million for Reward back when gold was $1,725 per oz and the project was worth $0 knowing that AngloGold Ashanti (AU) would need to acquire the asset as gold begins to rise big.
At $2,600 per oz their US$50 million investment was already worth US$163.5 million.
Every $100 per oz that gold goes up Reward increases in value by another US$18.3 million.
Augusta Gold (TSX: G)'s adjacent Bullfrog has 3x more gold than Reward!
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 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
