North Peak Resources (TSXV: NPR) is likely to become the #1 largest TSX Venture percentage gainer of 2022.
NIA's Fiore Gold was just acquired at a massive premium and was valued at $158 million. Fiore's remaining gold reserves at its flagship Pan Mine were only 317,000 oz grading 0.42 g/t and the company has averaged gold recoveries of 70%.
NPR's historical resource at the Black Horse Gold Project from only the oxide ore of Area A is 350,000 oz with much higher grades of 1.20 g/t gold and preliminary metallurgical work shows much higher gold recoveries of 97%. The oxide ore only contains gold within 100m of surface. By drilling at depths of below 100m we expect Area A's resource to be expanded to 700,000-1,000,000 oz. Then after adding in ore from Area B we expect NPR to build a total resource of 1,400,000-2,000,000 oz.
If you read today's press release, you will see that NPR's management intends to bring Black Horse into production! No other gold stock with a market cap as low as NPR has a management team with the experience, knowledge, and ability to bring a gold mine like Black Horse into production on their own!
NPR's founders have raised over $3.5 billion in capital for their previous companies. They only focus on one company at a time! Today, they are fully focused on turning NPR into the next Kirkland Lake Gold (KL) and Rupert Resources (TSXV: RUP)! It is clear that Black Horse will not be NPR's only producing gold mine! Similar to KL, NPR envisions owning multiple producing gold mines in the years ahead. Black Horse will be NPR's flagship mine, but more acquisitions of additional brownfield projects with near-term production potential are planned!
NPR's management will build this into a billion-dollar market cap company!
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 200,000 shares of NPR in the open market. This message is meant for informational and educational purposes only and does not provide investment advice.