Gold is currently priced at 2.838% of M2 Money Supply Per Capita.
Since 2008, when gold is priced at 2.838% of M2 Money Supply Per Capita or lower it has about a 100% chance of gaining over the following three months.
As gold trends upward over the next few months, Augusta Gold (TSX: G) will breakout into the $6-$8 per share range at an absolute minimum. $6-$8 per share is G's fair value where we calculate it fundamentally deserves to be trading as soon as its deal to acquire the Reward Gold Project closes in the upcoming weeks (it has a 99.999% chance of closing because Richard Warke has backed up the transaction with his own personal money).
G has practically no downside risk because if G did dip from where it is right now, we are sure that NIA's President will buy as many shares as possible, and as we have seen in recent weeks G insiders have also been loading up with as many shares as possible.
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 159,200 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.