Look for Augusta Gold (TSX: G)'s Reward Gold Project Pre-Feasibility Study being released next month to result in a large percentage of G's Reward gold resources being upgraded to proven & probable reserve status.
If we are right, G will likely be immediately revalued to above $5 per share.
Look for G to raise up to $200 million next month at $5 per share.
G has already filed with the SEC indicating their intention to raise up to $200 million: click here to see for yourself!
As G's share price explodes, Richard Warke will be likely to exercise his 18.33 million $1.80 per share warrants, which will greatly increase his G stake while providing the company with $33 million in cash.
Remember, Richard Warke never sells shares in the open market, he only buys shares. He cashes out when his companies get acquired at HUGE premiums by much larger companies!
There is a chance that NIA's President won't sell his G shares later this year at $10-$15 per share but will hold onto them until G eventually gets bought out at $25+ per share.
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.