G Is Trading Exactly Like We Said It Would

NIA said on March 20th with Augusta Gold (TSX: G) at $0.87 per share:

"Augusta Gold (TSX: G) will almost definitely gain by 50%+ from today's close of $0.87 per share prior to the Bitcoin halving one month from today, but G could potentially gain by 50%+ within days. After the Bitcoin halving, G is likely to gain an additional 100%-200% within the following 3-4 weeks."

Over the following two weeks, G gained by 44.83% to hit a high on Wednesday, April 3rd, of $1.26 per share.

It's not surprising some short-term traders would take profits at $1.26 per share when we only predicted it to rise by 50% to $1.30 per share before the halving... especially when NIA has discovered what could potentially become the most valuable AI healthcare company in history: Healwell AI (TSX: AIDX).

We always said G's big gains from $1.30 per share up to the $2.60-$3.90 per share range will occur in the 3-4 weeks after the halving.

At G's closing price on Wednesday of $1.25 per share, its 14-day relative strength index (RSI) was extremely overbought at 81.78. This was G's most overbought RSI in history, so it needed to dip no matter what.

At G's Friday close of $1.08 per share its RSI is back to a very healthy 59.61, which is almost exactly the same RSI it had on March 20th at $0.87 per share prior to it rising by 44.83% in two weeks.

Immediately prior to the Augusta Group taking over control of Bullfrog Gold in late-2020, it was trading for $1.20 per share and they didn't even control the Bullfrog Gold Project. Barrick owned a large chunk of the property, which made it impossible for Bullfrog Gold to develop it.

By the Augusta Group negotiating a deal with Barrick to consolidate the entire Bullfrog District, Bullfrog Gold nearly tripled to a January 2021 high of $3.55 per share before the name/symbol change to Augusta Gold (TSX: G) was even complete.

The market decided that G's newly consolidated Bullfrog Gold Project was worth $3.55 per share with VanEck Junior Gold Miners ETF (GDXJ) at $57 per share, but GDXJ went straight down afterwards and never returned to $57 per share and everybody stopped following gold stocks in favor of Crypto and tech stocks.

The most important events for G occurred in 2022/2023 when nobody was paying attention:

AngloGold Ashanti (AU) began making the largest gold discoveries in recent Nevada history on the directly adjacent Silicon and Merlin properties, while going on a spending spree by acquiring the directly adjacent North Bullfrog and Sterling gold projects while Augusta Gold (TSX: G) acquired the fully permitted Reward Gold Project that AU wishes they were able to acquire but G bought it before them.

Today, G is a much more valuable company than in January 2021 when it rallied to $3.55 per share with GDXJ at $57 per share.

By the time GDXJ returns to $57 per share this summer, G will be trading for a minimum of $5 per share.

VanEck Junior Gold Miners ETF (GDXJ) is well on track to hit NIA's target of $56.62 per share by August 28th.

The in-situ value of Augusta Gold (TSX: G)'s 1.92 million oz of gold resources in the Beatty Gold District finished this week at a new all-time high of CAD$6.078 billion.

G's Reward is one of the only gold projects in all of Nevada the world's #1 best mining jurisdiction to be fully permitted for construction/production.

G's Bullfrog is one of the most successful past producing gold mines in Nevada history and will be one of the next Nevada gold projects to receive permitting for construction/production along with AngloGold Ashanti (AU)'s directly adjacent North Bullfrog.

It is impossible to justify a valuation for G of less than 10% of its in-situ value or CAD$607.8 million, which means G already deserves to trade for $7+ per share.

AU paid CAD$570 million to acquire the directly adjacent North Bullfrog.

G's Bullfrog has a larger gold resource than North Bullfrog, higher gold grades than North Bullfrog, and pre-existing infrastructure that will allow for lower initial CAPEX than North Bullfrog. G's Reward is likely to enter production one full year before North Bullfrog.

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's President has purchased 224,200 shares of G in the open market and intends to buy more shares. NIA has received compensation from AIDX of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.