Gold has just surpassed $2,600 per oz for the first time in history causing the after-tax Net Present Value (NPV) of Augusta Gold (TSX: G)'s fully permitted Reward Gold Project with high-grade proven & probable oxide gold reserves in the brand-new Tier 1 Beatty Gold District of Nevada to surpass US$163.5 million.
Remember, the after-tax NPV of Reward at US$2,600 per oz of US$163.5 million is based only on its proven & probable reserve of 370,000 oz.
Augusta Gold (TSX: G) has more than triple the gold resources at its past producing Bullfrog Gold Project located 7 miles north of Reward.
We don't yet know the after-tax NPV of Bullfrog, but it is likely higher than Reward, and the synergies between the two properties will make both of them significantly more valuable.
Augusta Gold (TSX: G) has initiated a Strategic Review Process and is likely to get acquired at a massive premium 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. NIA's President has purchased 224,200 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.
Preparing Americans for Hyperinflation
