In many ways, Blue Lagoon Resources (CSE: BLLG) or BLAGF is very similar to our last gold stock suggestion Gold Mountain Mining (TSXV: GMTN).
GMTN hit a new all-time high this morning of $3.12 per share for a gain of 43.12% since our May 27th announcement at $2.18 per share.
We would rank BLLG as having much bigger potential than GMTN mainly because BLLG's market cap is only a small fraction of GMTN, BLLG has higher gold grades than GMTN, and BLLG will likely begin generating revenue even sooner than GMTN. Both companies are well-funded with massive past producing British Columbia gold projects.
BLLG is slightly more risky than GMTN, but with potential for much bigger returns.
Many members were asking why NIA's President Gerard Adams invested big into Telson Mining (TSXV: TSN) instead of Frank Giustra's Aris Gold (TSX: ARIS). He admitted ARIS is the slightly less risky producing gold miner of the two due to the experience of Giustra and the all-star management team he has assembled at ARIS, but Gerard realizes that in order to become the next Frank Giustra... instead of copying him you need to find the biggest opportunities that will outperform him.
Similar to how Gerard believes TSN will continue to be the #1 largest gaining producing gold miner for the remainder of 2021 and throughout 2022, BLLG is one of only a handful of gold explorers with real potential to become the top gaining gold explorer of the next year. North Peak Resources (TSXV: NPR) is also on that list.
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 has received compensation from BLLG of USD$50,000 cash for a six-month marketing contract. NIA has received compensation from GMTN of USD$50,000 cash for a six-month marketing contract. NIA has received compensation from TSN of USD$100,000 cash for a one-year marketing contract. NIA's President purchased 1 million shares of TSN in its most recent private placement. NIA has received compensation from ARIS of USD$50,000 cash for a six-month marketing contract. NIA's President has purchased 200,000 shares of NPR in the open market. He intends to sell these shares in the future for a profit. This message is meant for informational and educational purposes only and does not provide investment advice.