Every U.S. listed gold/silver mining stock combined is currently worth less than 1/10th the market cap of Apple (AAPL).
Over the last twelve months, U.S. listed gold/silver miners generated free cash flow of $34.18 billion vs. AAPL's free cash flow of $105.79 billion.
Considering that gold/silver miners have 32.3% of AAPL's free cash flow, they deserve to be worth much more than less than 1/10th of AAPL's market cap.
In April 2011, gold/silver miners were worth $269.7 billion or 1.426% of the total U.S. market cap of $18.917 trillion.
Today, gold/silver miners are worth $216 billion or 0.535% of the total U.S. market cap of $40.4 trillion despite the fact that they are generating nearly 3X more free cash flow than in April 2011!
Over the next 6-12 months, we expect to see the market cap of gold/silver miners increase tremendously both in U.S. dollars and as a share of the overall market.
We believe that Augusta Gold (TSX: G) is best positioned to become the next billion-dollar market cap Nevada gold miner.
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 174,200 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.