Nevada's next major gold producer Borealis Mining (TSXV: BOGO) gained by 10% today to $0.66 per share! With 115,176,207 shares outstanding, BOGO has a low market cap of CAD$76.016 million or USD$55.847 million.
What do you think the cost would be to build their pre-existing heap leach pad, ADR plant, assay lab, office, roads, connection to electricity grid, water access, and waste rock facilities, and buy their mobile equipment fleet for BOGO's fully permitted Borealis Mine in Nevada? Probably about USD$55 million or approximately the same as BOGO's market cap.
BOGO's three gold pours from between August and December of 2024 were all from residual leaching of material left sitting on the heap leach pad from the previous operator. BOGO has a 330,000-ton stockpile of run of mine material ready for crushing and heap leaching to begin producing significant ounces of gold prior to full commercial production later this year. BOGO also plans to develop newly acquired Sandman and truck the ore to Borealis for processing!
Don't ask us how BOGO is only $0.66 per share. Augusta Gold (TSX: G) is only $1.07 per share when their assets are desperately needed by AngloGold Ashanti (AU) and will be acquired for $6+ per share. Nobody knows how to properly analyze these companies... people only buy momentum and hype and that's how you lose money! Nevada is the world's #1 best jurisdiction for gold mining!
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 has received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract. NIA's President has purchased 232,200 shares of G and may purchase more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
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