The TSX Venture Composite Index has just hit 641 and has a long-term most important key breakout point of 642!
If it can close today above 642 it will explode back to the February 2021 high of 1,100 very quickly. Between 642 and 1,100 the highest quality gold explorers will gain by 500%-2,000%!
Augusta Gold (TSX: G) will obviously be one of them (unless it is about to be acquired in the upcoming weeks) and we will be hearing non-stop about the Beatty Gold District between now and year-end.
Augusta's Executive Chairman Richard Warke co-founded Equinox Gold (EQX) and recruited Ross Beaty to run the company. EQX spun-off his Solaris Resources (TSX: SLS) and SLS will soon spin-off Solaris Exploration.
EQX is in the process of acquiring Calibre Mining (CXB) and will have multiple non-core producing gold mines afterwards that it won't need anymore. It won't be a surprise to see Augusta acquire one or more of their producing gold mines, but that's assuming a deal isn't already in the works to sell Augusta to either AngloGold Ashanti (AU) or Kinross Gold (KGC) in the weeks ahead.
If Augusta Gold (TSX: G) didn't exist, Borealis Mining (TSXV: BOGO) would be our #1 favorite Nevada gold stock. BOGO has an all-star management team/board and just the replacement cost of their infrastructure exceeds the current market cap.
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 232,200 shares of G and may purchase more shares. NIA has received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
