How We Learned About Dakota Gold (DC)

For many years we have always heard the name Robert Quartermain, but never really knew who he was. At the same time, we were always very familiar with Silver Standard Resources and the mines Quartermain developed in Argentina. We were also very familiar with the Brucejack Mine considering we previously suggested and made a lot of money on the adjacent Ascot Resources in late-2019.

When we suggested Droneshield (ASX: DRO) in April 2022 at $0.20 per share, a large DRO shareholder saw that we profiled the company and was surprised that we did so because he saw we mainly focus on resource companies. This person got in touch with us and said that if we like resource companies, the best gold deal of the decade is about to IPO on the NYSE American exchange Dakota Gold (DC).

At first, we were skeptical about it because it was trading for about $6 per share and hit a high of $8 per share, and we thought it was pricey because it didn't yet have any gold resources. We always believed it was likely to decline in the short-term but would ultimately become one of the largest gaining gold stocks of all time.

After DC finally began to dip from its high, we tried calling its CEO, but the first time we tried calling him he was busy at the Canadian Mining Hall of Fame ceremony for Robert Quartermain. The second time we called him, he was busy at the site adding another new drilling rig. Finally, when we did get in touch with him, we realized that the Homestake District is likely to be revitalized and go back into production in the years ahead. The two biggest stories in the U.S. today for the gold industry are: 1) The Development of the Beatty Gold District by Augusta Gold (TSX: G) and AngloGold Ashanti (AU) and 2) The Revitalization of the Homestake District by Dakota Gold (DC).

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 has received compensation from DC of US$30,000 cash for a three-month marketing contract. 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.