Augusta Gold (TSX: G) gained by 6.90% today to close at $1.55 per share.
Nobody knows about G and how this is the brand-new gold company of Richard Warke one of the top two most successful executives in the history of mining, but NIA's President has purchased 154,000 G shares in the open market and intends to continue adding to his position.
Richard Warke's Ventana Gold sold for $1.6 billion in 2011, his Augusta Resource Corporation sold for $667 million in 2014, his Arizona Mining sold for $2.1 billion in 2018, and his Solaris Resources (TSX: SLS) is now worth over $1.4 billion after making massive gains since its mid-2020 IPO at $1.50 per share.
G's current market cap here at $1.55 per share is an insanely low $109.3 million. This is the ground-floor right now.
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. NIA's President has purchased 154,000 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.