Fiore Gold to Reach $1.63-$1.67 by Year-End!

NIA's #1 ranked favorite overall stock suggestion Fiore Gold (TSXV: F) after closing Friday at $0.425 per share, above its Key Breakout Point of $0.42 per share, exploded on Monday by 12.94% to a high of $0.48 per share for a gain of 108.7% since NIA initially announced Fiore Gold as its #1 stock suggestion for 2019 on November 22nd at $0.23 per share! Fiore's biggest gains are still to come and will come in the weeks ahead.

Yesterday, Fiore Gold saw major profit taking and sold off to $0.415 per share. This was a healthy dip with all Fiore Gold profit takers exiting in a single trading day. Today, Fiore Gold is back up to $0.44 per share! Look for Fiore Gold to surpass its book value of $0.54 per share within the next week and reach a share price of between $1.63 and $1.67 by year-end.

Fiore Gold (TSXV: F) is 1 of only 9 publicly traded producing gold miners in Nevada. Fiore Gold has the strongest fundamentals of these nine companies, yet it is currently trading at the lowest valuation multiples by far. This can't possibly continue for much longer!

For starters, Fiore Gold (TSXV: F) is the only debt free Nevada Gold Miner! The other eight publicly traded Nevada Gold Miners have combined debt of nearly $13 billion!

Fiore Gold (TSXV: F) has the second highest net cash position out of all Nevada Gold Miners! SSR Mining (SSRM) is the only Nevada Gold Miner with a larger net cash position than Fiore Gold!

Fiore Gold (TSXV: F) in its most recent quarter grew its revenue per share by 27.83% on a year-over-year basis, making Fiore Gold the #1 fastest growing Nevada Gold Miner! 7 out of 9 Nevada Gold Miners saw large declines in their revenue per share last quarter! Besides Fiore Gold, only SSRM successfully grew its revenue per share with year-over-year growth of 27.65%, only 18 basis points less than Fiore Gold's growth.

Despite Fiore Gold (TSXV: F) having the strongest fundamentals out of all Nevada Gold Miners, at Fiore's current price of $0.44 per share it is trading with an enterprise value/revenue ratio of only 0.48. By far, Fiore Gold has the lowest enterprise value/revenue ratio out of all Nevada Gold Miners. The median enterprise value/revenue ratio for Nevada Gold Miners is 4.77X higher at 2.29. An enterprise value/revenue ratio of 2.29 would value Fiore Gold at $1.67 per share or 279.55% above its current extremely undervalued share price of $0.44!

Even Scorpio Gold (TSXV: SGN) with an unhealthy Current Ratio of 0.64 (indicating insolvency and a risk of near-term bankruptcy) is trading with an enterprise value/revenue ratio of 0.93! Fiore's Current Ratio is 9.06X higher than SGN so it definitely deserves a much higher enterprise value/revenue ratio. If that wasn't enough, SGN in its most recent quarter saw its revenue per share decline by 48.3% vs. Fiore's revenue per share rapidly growing by 27.83%, yet Fiore is still being valued at HALF the multiple of SGN!

If you are somehow still clueless as to why we have given Fiore Gold our highest confidence rating of 100, maybe it has something to do with the fact that Fiore Gold MUST rise by 70.45% and reach $0.75 per share just to match the valuation multiple of SGN a gold miner (if we can still call it that) that has become so insolvent it recently was forced into suspending its mining operations and only generates its minimal revenue by processing stockpiles of low grade tailings.

Fiore Gold (TSXV: F) at its current price of $0.44 per share is trading with an enterprise value/cash flow from operations ratio of only 3.03. By far, Fiore Gold has the lowest enterprise value/cash flow from operations ratio out of all Nevada Gold Miners. The median enterprise value/cash flow from operations ratio for Nevada Gold Miners is 4.65X higher at 14.08. An enterprise value/cash flow from operations ratio of 14.08 would currently value Fiore Gold at $1.63 per share or 270.45% above its current share price!

The Nevada Gold Miner with the second strongest fundamentals after Fiore Gold is SSRM. Only Fiore and SSRM have positive net cash positions and positive revenue per share growth. SSRM is currently trading with an enterprise value/cash flow from operations ratio of 29.44, which is the highest among Nevada Gold Miners and 9.72X higher than Fiore's multiple!

Fiore Gold with its unbelievably strong fundamentals, bullish technicals, and rapid growth... along with HUGE catalysts set to occur between now and year-end including one MAJOR catalyst likely to occur either tomorrow or Friday... probably deserves to trade at a premium valuation multiple similar to SSRM!

Imagine if Fiore Gold were to announce that it is listing on the NASDAQ! That alone could open the doors to major institutions investing big into Fiore Gold like those that have invested big into SSRM. Not only would Fiore potentially reach industry median multiples by rising to $1.63-$1.67 per share within weeks, but it could ultimately end up trading at the premium valuation it deserves. An enterprise value/cash flow from operations ratio of 29.44 to match SSRM would value Fiore Gold (TSXV: F) at $3.29 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. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.