On February 27th, NIA sent out an alert about Orogen Royalties (TSXV: OGN) hitting a new 5-year high of $0.79 per share due to its 1% NSR royalty in AngloGold Ashanti (AU)'s Expanded Silicon/Merlin Project in the Beatty Gold District. We said Augusta Gold (TSX: G), which was trading for $0.61 per share, would be next to rally. G is the second largest owner of gold resources in the Beatty Gold District after AU. In all likelihood, AU will acquire G for $5-$10 per share to finish consolidating the Beatty Gold District.
On April 3rd, G hit a high of $1.26 per share for a gain of 106.56% from our February 27th alert about OGN. Since then, G has dipped to a current price of $1.06 per share.
Today, OGN hit a new 5-year high of $1.24 per share. This confirms what NIA has been saying for months... nothing in the gold mining industry will be bigger than the Beatty Gold District.
With OGN exploding in recent days to a new 5-year high of $1.24 per share look for G to explode by 50%-100% in the upcoming days/weeks!
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.
Preparing Americans for Hyperinflation
