If we were a hedge fund manager managing billions of dollars we would put a lot of money into Solaris Resources (TSX: SLS) because we are 99.99% sure it does get acquired next year for double-digits, but for smaller investors there is a 99.99% chance that Augusta Gold (TSX: G) is going to sell at a significantly larger premium and it will happen a lot sooner potentially any day now.
Prior to Solaris being acquired next year they are going to spin-off their non-Ecuador copper projects located in Peru, Chile, Mexico, etc. into a new publicly traded company and this is something we will definitely consider buying if its market cap is low enough. Remember that Solaris was originally a spin-off of Equinox Gold, and Solaris gained by 1,144.20%+ within 18 months of its listing. The same will likely happen to their new spin-off copper company, but it is unlikely that any stock will gain as much as Augusta Gold (TSX: G) between now and year-end.
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
