G on Its Way to New 52-Week Highs

One year ago, there was one other small-cap publicly traded company besides Augusta Gold (TSX: G) that owned an oxide gold resource in Nevada of over 1 million oz grading at least 0.50 g/t gold. That company was Gold Standard Ventures, which owned the South Railroad Project. Gold Standard Ventures was acquired in August by Orla Mining (TSX: OLA) for CAD$242 million.

A valuation of CAD$242 million for G would equal a new 52-week high of $2.82 per share. There is no doubt that G is on its way to new 52-week highs.

OLA's recently acquired South Railroad Project has total oxide gold resources of 1.678 million oz spread across a 25km property. G's Bullfrog+Reward Projects have total oxide gold resources of 1.829 million oz within 11km of each other. The South Railroad Project is not yet fully permitted like G's Reward Project and it doesn't have the infrastructure in place that G's Bullfrog Project has.

G could soon be trading many times higher than $2.82 per share because G is fully funded to make Bullfrog fully permitted and if billionaire Richard Warke can successfully secure bank financing for G's Reward Project like he previously accomplished for his zinc company Titan Mining (TSX: TI) we will see Reward enter production before year-end.

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 194,200 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.