You can see the BLM permits for Augusta Gold (TSX: G)'s Reward Project for yourself by clicking here.
G's Reward is adjacent to AngloGold Ashanti (AU)'s newly discovered Merlin, which is by far the #1 largest new gold discovery in the United States in well over a decade.
While Merlin is years away from receiving permitting for production, if AU acquires G they can bring Reward into production right now.
The longer AU waits to acquire G and the more gold prices explode higher the larger the premium AU will need to pay to acquire G.
G will be bringing both Reward and Bullfrog into production on its own if AU doesn't acquire them so one way or another G will be trading in the $5-$10 range very soon.
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.