AngloGold Ashanti (AU) desperately wants to own Augusta Gold (TSX: G)'s assets.
AU just paid US$150 million for the Beatty District's Crown/Sterling Project which only has an inferred resource!
How is G not trading for at least 68%+ higher with a US$150 million market cap?
G's Bullfrog Project is the most valuable property in the Beatty District, since it previously produced well over 2 million oz of gold and has a massive measured & indicated resource with hundreds of millions worth of infrastructure already in place!
G's Reward Project is fully permitted for production!
G deserves a US$400-$600 million market cap based on the current gold price. G will get there soon!
G would be there already if we haven't been fighting against a declining gold price for the last six months straight, but at this point... gold has nowhere to go but up big since there is a MASSIVE short position that is about to get squeezed! G will definitely hit new 52-week highs before year-end, but if gold starts to rise like we anticipate then we should easily see G hit $5-$10 per share before year-end!
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.