Gold Hits New All-Time High of $2,806 and Augusta Gold (TSX: G) to Hit New Highs Within Days

Gold is up by $12.905 this morning to a new all-time high of $2,806.37 per oz.

Augusta Gold (TSX: G) gained by 11.82% yesterday to $1.23 per share and will hit much higher new 52-week highs of well above $1.49 per share very quickly.

We don't want to predict an exact date or price of a buyout, but we are 100% sure AngloGold Ashanti (AU) will end up owning Augusta Gold (TSX: G) before year-end. The higher gold rises the more eager AU will be to finalize a deal quickly.

With 85.93 million shares outstanding it has a market cap of CAD$105.69 million or USD$72.87 million.

AngloGold Ashanti (AU) has already acquired Corvus Gold for the North Bullfrog Gold Project for US$450 million in cash directly adjacent to Augusta Gold (TSX: G)'s past producing Bullfrog Gold Project.

AngloGold Ashanti (AU) has already acquired the Sterling Gold Project from Coeur Mining for US$150 million in cash directly adjacent to Augusta Gold (TSX: G)'s fully permitted Reward Gold Project.

Augusta Gold (TSX: G)'s Reward Gold Project is the smaller gold project of the two and it has an after-tax Net Present Value at US$2,600 per oz of US$163.5 million. At $2,800 per oz, the Reward Gold Project has an estimated after-tax Net Present Value of US$236.7 million.

Augusta Gold (TSX: G)'s Bullfrog Gold Project is located a few miles away from its Reward Gold Project and contains a 2.81x larger gold resource!

Best case scenario, the Bullfrog Gold Project is worth US$665.13 million if we multiply US$236.7 million by 2.81, but we don't think it is worth that yet... because it would value the whole company at US$901.827 million or 12.38x Augusta Gold (TSX: G)'s market cap.

As of right now, we believe Augusta Gold (TSX: G) would be acquired for US$600 million which would be equal to what AngloGold Ashanti (AU) already paid for North Bullfrog + Sterling.

Even if Augusta Gold (TSX: G) accepts less than that... the stock is definitely going A LOT higher and will likely become the market's #1 largest overall percentage gainer of the month of February!

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.