Fiore Gold Closed at New Record High of $1.48!

For the last 20 consecutive months, NIA's #1 favorite producing gold miner has consistently been Fiore Gold (TSXV: F). Unbelievably, when NIA first suggested Fiore Gold as its #1 overall stock suggestion for 2019 on November 22, 2018 at $0.23 per share, it was trading with a market cap of only US$17.03 million. At that time, Fiore had US$7.185 million in cash and no debt, giving it an enterprise value of only US$9.841 million. Including inventories of ore already placed on Fiore's leach pads, it had working capital of US$17.345 million or $0.234 per share.

With Fiore trading on November 22, 2018 for less than working capital, NIA saw astronomical upside potential and absolutely no downside risk. Between Fiore's Pan Mine and adjacent Gold Rock Project, the company had a total measured & indicated gold resource of 672,700 oz that it was receiving absolutely no value for. NIA explained in its initial Fiore Gold report that every single profitable gold miner that NIA followed besides Fiore Gold was receiving at least $100 per oz in value for its measured & indicated gold resources. Therefore, NIA said that Fiore immediately deserved to be trading with a minimum market cap of US$67.27 million on top of its working capital of US$17.345 million, which would equal US$84.615 million for a share price of $1.14. NIA was 100% sure that Fiore would rise to a minimum of $1.14 per share and made the company its first ever confidence rating of 100 pick!

Since NIA's initial suggestion, Fiore has increased its working capital for seven consecutive quarters by a total of 65.52% to a current level as of March 31, 2020 of US$28.71 million, which is equal to $0.3985 per share. Fiore has also increased its total Pan+Gold Rock measured & indicated gold resource by 27.13% to 835,000 oz.

A valuation for Fiore Gold today of US$100 per oz would be US$83.5 million on top of its working capital of US$28.71 million, which would equal US$112.21 million for a share price of $1.56. Fiore Gold closed today at a new all-time high of $1.48 per share for a gain of 543.48% from NIA's initial suggestion price of $0.23!

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