Gold Up $22.30 to $2,633.93 Per Oz

Gold is up by $22.30 today to $2,633.93 per oz.

In our opinion, there is absolutely no question that Augusta Gold (TSX: G) will be acquired for $3+ per share within weeks most likely by AngloGold Ashanti (AU) but in the unlikely event another company outbids AU it would most likely be Centerra Gold (TSX: CG) or Orla Mining (TSX: OLA).

Augusta Gold (TSX: G)'s financings were done at $1.71 and $2.25 per share and nobody owns shares here at $0.95 per share.

Even Augusta Gold (TSX: G)'s management/board paid $1.20 per share for their initial stake four years ago and added significantly to their position last year at $1.33 per share.

Augusta Gold (TSX: G)'s Reward Gold Project is the only fully permitted construction ready gold project in the Beatty Gold District, which is America's #1 largest newly discovered gold district containing a total of 19.5 million oz of gold.

Augusta Gold (TSX: G)'s Bullfrog Gold Project is also in the Beatty Gold District and previously produced 2.3 million oz of gold. Bullfrog is directly adjacent to AngloGold Ashanti (AU)'s North Bullfrog Gold Project that AU acquired at a cost of US$450 million when it bought out Corvus Gold.

Augusta Gold (TSX: G)'s market cap at $0.95 per share is less than US$60 million.

Even AU's Sterling Gold Project directly adjacent to Augusta Gold (TSX: G)'s Reward Gold Project was acquired by AU for US$150 million in cash back when gold was only $1,650 per oz. Sterling only contains inferred gold resources vs. Augusta Gold (TSX: G)'s Reward Gold Project containing proven & probable gold reserves.

AU generated free cash flow of US$347 million last quarter alone. This will be a small acquisition for them using their pocket change.

Augusta Gold (TSX: G)'s management/board has successfully achieved $4.5 billion in exits over the last 12 years. Augusta Gold (TSX: G) is their next imminent exit, but it won't be their last.

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.