The year-over-year U.S. price inflation rate hit 8.5% in March 2022! The Real Federal Funds Rate is now down to a record negative level of -8.17%, which is extremely bullish for gold.
Gold is breaking out big this morning and will make a massive rally in the upcoming weeks leading into the May 4th Fed meeting where the Federal Reserve will be forced to hike by 50 basis points!
Augusta Gold (TSX: G) is the only gold company with billionaire Richard Warke as its largest shareholder and/or Executive Chairman. He is likely to turn G into his next billion-dollar market cap gold company.
G's second largest shareholder is Barrick Gold (GOLD) the world's second largest gold miner. The world's fourth largest gold miner AngloGold Ashanti (AU) has been acquiring/consolidating the Nevada gold projects surrounding G's Bullfrog Project!
G's Bullfrog Project includes the past producing Bullfrog Mine! G has been rapidly growing its measured & indicated gold resource, which now exceeds 1.2 million oz! G has a huge cash position of $24.96 million and no debt!
G's current enterprise value at $1.67 per share is an insanely low CAD$92.81 million! AU has just acquired Corvus Gold at an enterprise value of CAD$587 million for its directly adjacent North Bullfrog Project and G's Bullfrog has higher gold grades!
G's U.S. OTCQB symbol is AUGG.
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 154,000 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.