Gold set a short-term bottom yesterday of $1,851 per oz and has since bounced to a current price of $1,868.50 per oz!
Out of the hundreds of gold stocks that NIA is currently following... NIA believes that the #1 gold stock opportunity that will allow NIA members to capitalize most on gold's upcoming bounce is: Idaho Champion Gold (CSE: ITKO). We are officially making ITKO our #1 favorite gold pick for between now and year-end! It also has an OTCQB symbol of GLDRF.
After gold's last shakeout in March of this year, ITKO became our #1 favorite gold pick to capitalize on that imminent gold rally! We profiled ITKO on April 2nd at $0.085 per share and on May 21st it reached $0.44 per share for a gain of 417.64%!
ITKO has 93,023,260 shares outstanding for a market cap at its current price of $0.22 per share of CAD$20.465 million and the company has a huge cash position! On July 30th, ITKO closed on a private placement of $8,073,000 priced at $0.30 per share. ITKO would need to gain by 36.36% just to return to its private placement price.
ITKO is currently conducting drilling campaigns at BOTH of its Idaho gold projects Baner and Champagne! No drilling results have been released yet, but we expect to see ITKO begin announcing drilling results in the near-future!
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 was previously compensated by ITKO a total of USD$30,000 cash for a six-month marketing contract, which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.